MUR 1 billion seed capital from the Government to the Mauritius Institute of Biotechnology to set up a manufacturing plant for the local production of COVID-19 vaccines and other pharmaceutical products. [...] CEB to invest MUR 5.3 billion over the next 3 years to support the phasing out of coal and production of 60% of the country’s energy needs from green sources by 2030. [...] BUDGET HIGHLIGHTS 2021-2022 13 o Payment of VAT on plant, machinery and equipment as well as construction of purpose-built building and plant and equipment (excluding vehicles) for R&D are zero-rated in case of provision of healthcare, nursing and residential care services and are exempt for others. [...] Grant of 50% (maximum of MUR 400,000) on the cost of purchase and installation of solar-powered cold rooms by registered planters cultivating on a minimum of 1 hectare. [...] Zero-rating of VAT and exemption of import duties on animals for the purpose of training, breeding and re-export.
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- Mauritius
