VAT: A Burden Heavy on SMEs

Nearly 7,000 Mauritian SMEs are affected by the reduction of the VAT threshold from Rs 6 million to Rs 3 million. This measure, aimed at broadening the tax base and strengthening state revenues, imposes additional administrative and financial burdens on small businesses that are already struggling due to the economic climate. Rising prices, reduced margins, and the complexity of declarations... the real cost weighs heavily on the morale of entrepreneurs.