A VAT registered person may make a claim for repayment in respect of capital goods where the excess in the return includes allowable input tax amounting to more than Rs100,000 on:
a. Capital Goods being buildings or structure (including extension and renovation), plant, machinery and equipment of a capital nature.
b. Intangible assets of a capital nature being goodwill on acquisition of a business or part of a business, computer software, patents, franchise agreements.
Where a VAT registered person is mainly engaged in making zero-rated supplies, he may claim the whole or part of the excess amount.
Disclaimer: The information in this article is based on information published by the Mauritian Revenue Authority. We suggest that you do not act solely on material contained in the article as the nature of the information contained herein is general and may in certain circumstances be subject to misinterpretation. In addition, the article may not include all legislative adjustments which could be made in the near future. Consequently we recommend that our advice be sought when encountering these potentially problematic areas. While every care has been taken in the compilation of the article, no responsibility of any nature whatsoever shall be accepted for any inaccuracies, errors or omissions.