problem1. Briefly describe the procedures needed for the setting up of the Global Business Company Category 1 (GBC 1).
problem2. In relation to a Global Business Company Category 1 (GBC 1), how would you describe the term “conducting business outside Mauritius?
problem3. What type of business might be conducted by the Global Business Company 1 (GBC 1)?
problem4. List out the tax incentives for Global Business Companies 1 (GBC1)?
problem5. Describe clearly how the VAT system works.
problem6. Make a distinction between exemption and zero-rating for VAT purposes.
problem7. prepare down four exs of the transactions normally:
(ii) Exempt from VAT
problem8. prepare down the four exs of transactions outside scope of VAT.