MRA
Fair Share Contribution (2025): Who Pays It & How to Calculate
The 2025/26 Budget introduced the Fair Share Contribution — a levy on individuals earning more than Rs 12 million a year. Here's how it works and who is affected.
What is the Fair Share Contribution?
The Fair Share Contribution (FSC) is a new individual-level levy introduced by the Finance Act 2025 and applicable to income earned on or after 1 July 2025. It is charged at 15% on the portion of leviable income exceeding Rs 12,000,000 in a year of assessment.
Who is in scope
- Individuals resident in Mauritius with total leviable income > Rs 12M.
- Includes employment income, business income, rental income, and gains treated as income.
- Excludes exempt income (e.g. dividends from resident companies).
How to calculate
The FSC is added to the ordinary income tax due after the three-bracket calculation. It is not a bracket — it is a surcharge on the slice above Rs 12M.
| Component | Amount |
|---|---|
| Annual leviable income | Rs 15,000,000 |
| Portion above Rs 12M | Rs 3,000,000 |
| Fair Share Contribution @ 15% | Rs 450,000 |
Frequently asked questions
Q. Is the Fair Share Contribution the same as a higher tax bracket?
No. It is a separate levy imposed on top of the ordinary three-bracket income tax. It only applies to the slice of income above Rs 12M.
Q. Are foreign dividends included?
Foreign dividends are leviable income unless specifically exempt; check whether they qualify for the foreign tax credit or exemption before adding them to the FSC base.