OKX Banner
BTC $64,156.00 (+1.92%)
ETH $1,843.33 (+1.00%)
BNB $570.82 (+1.93%)
XRP $1.09 (+1.17%)
SOL $74.96 (+0.96%)
TRX $0.32 (+0.33%)
HYPE $58.87 (-1.33%)
DOGE $0.07 (+1.02%)
RAIN $0.01 (-1.96%)
ZEC $546.07 (+3.17%)
LEO $9.79 (-0.09%)
XLM $0.19 (+1.26%)
LINK $8.30 (+2.01%)
XMR $330.55 (+2.20%)
ADA $0.17 (+3.98%)
CC $0.12 (-3.10%)
BCH $219.06 (+0.35%)
GRAM $1.48 (-3.15%)
LTC $45.67 (+3.12%)
USDG $1.00 (-0.10%)

India vs Mauritius

Crypto regulation comparison

← Back to map | India | Mauritius
India

India

Mauritius

Mauritius

Legal
Legal

India legalized crypto taxation in the 2022 Union Budget, imposing a flat 30% tax on all crypto gains with no deductions for losses. A 1% TDS (Tax Deducted at Source) on crypto transactions above thresholds also applies. The Supreme Court struck down the RBI's 2018 banking ban in 2020, and India is now developing a broader regulatory framework.

Mauritius has developed a regulatory framework for virtual assets through the Financial Services Commission. The Virtual Asset and Initial Token Offering Services Act 2021 (VAITOS Act) provides licensing for VASPs. Mauritius positions itself as a fintech-friendly jurisdiction in Africa with a flat 15% income tax rate applicable to crypto income.

Tax Type Capital gains
Tax Type Income
Tax Rate 30%
Tax Rate 15%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator FSC (Financial Services Commission)
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules Virtual assets regulated under FSC framework
Key Points
  • Flat 30% tax on all crypto gains with no loss offset against other income (effective April 2022)
  • 1% TDS on crypto transactions above ₹10,000 (₹50,000 for specified persons)
  • Supreme Court struck down RBI's 2018 banking circular banning banks from serving crypto firms
  • FIU-IND requires VASPs to register and comply with PMLA (Prevention of Money Laundering Act)
  • India blocked non-compliant offshore exchanges (Binance, others) in 2024, later some re-registered
Key Points
  • VAITOS Act 2021 provides comprehensive licensing for VASPs
  • FSC issues Class M (custodian), Class O (exchange), Class R (advisory) licenses
  • Flat 15% income tax rate applies to crypto income
  • No separate capital gains tax; gains may be treated as income
  • Mauritius is a member of FATF and complies with international AML standards
Sources
Sources
OKX Banner