We are pleased to share with you two important communiques from the local authorities in Mauritius.
- MRA – Important dates
The Mauritius Revenue Authority ("MRA") has released a communique on the 12 June 2020 regarding the filing of returns/statements and payment of income tax and Value Added Tax ("VAT") whereby they have informed that:
- the due date for electric submission of returns/statements and electronic payment of tax is 26 June 2020 for the returns/statements mentioned therein; and
- they are giving the flexibility to calculate and pay tax based on unaudited accounts for the year ending 31 December 2019 and that in case they need to file an amended return after the audit is completed, no penalties for late submission of return will be charged, provided the amended return is filed on or before 31 August 2020.
Please click HERE to read the full communique.
- FSC – Regulatory relief on filing and reporting obligations
The Financial Services Commission (FSC) of Mauritius has also issued a communique on the 12 June 2020 to extend the deadline of the filing of Audited Financial Statements/Annual Reports, Quarterly/Interim Financial Statements and Financial Summary (the "Reporting Obligations").
The FSC also highlighted that no administrative penalties will be levied if filing of the Reporting Obligations are made on or before 30 September 2020.
Please click HERE to read the full communique.
Kind regards,
The Axis Team
Originally published August 3, 2020.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.