Gilles Athaw

Mar 19, 2024 | bowmanslaw.com | Julia K. Choate |Gilles Athaw |Chloë Loubser |Nadine Mather

The priority of creditors paid out of the proceeds of the sale of the assets of a company in receivership was recently addressed in the judgment of Heeralall N. v The Director-General, The Mauritius Revenue Authority 2024 SCJ 56. In this case, the order of priority was decided between the Mauritius Revenue Authority (MRA), as a tax-collecting parastatal organisation, and a financing institution as a secured creditor, The Mauritius Commercial Bank (Bank).

Mar 19, 2024 | bowmanslaw.com | Gilles Athaw |Chloë Loubser |Nadine Mather |Nhlamulo Maluka

National Treasury announced above-inflationary ‘sin tax’ increases in the 2024 Budget Speech. This marks another round of significant increases in the rates of excise duty applicable to alcohol and tobacco products, well above the previous policy benchmark of Consumer Price Index (CPI)-linked annual increases.