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It’s tax time: Here’s what you should know!

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It's tax time: Here's what you should know!

It’s that time of the year: The Mauritius Revenue Authority has invited taxpayers to submit their Income Tax return and to effect payment of tax, if any, by Monday 17 October 2022.

Tax can be submitted online on MRA’s website (www.mra.mu), for which a User ID (NID or NCID or TAN) and password twill be required.

A standard tax return is required to be submitted by every individual who during the income year ended 30 June 2022:

  • Derived net income which exceeds Rs. 325,000; or
  • Derived gross income from business exceeding Rs. 2 million; or
  • Derived emoluments in respect of which PAYE has been withheld; or
  • Derived income which has been subject to Tax Deduction at Source (TDS); or
  • Benefitted from the Government Wage Assistance Scheme (GWAS); or
  • Had a chargeable income.

Taxpayer Satisfaction Survey (TSS)

The MRA has also appealed to all taxpayers to participate in a Taxpayer Satisfaction Survey (TSS) after filling their individual income tax returns.

The survey aims at receiving feedback from the public on taxpayers’ attitude towards tax compliance and on the quality of MRA Services.

Taxpayers participating in the TSS will automatically qualify themselves for a draw which will be effected at the end of October 2022.

Three cash prizes of Rs. 25,000, Rs. 15,000 and Rs. 10,000 respectively will be awarded to the first three winners.

Source: MRA

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.