Letter of No Objection
Introduction
As part of winding up procedures, Resident Companies with turnover exceeding MUR 100M, Protected Cell Companies, Global Businesses, Authorised Companies, Amalgamating Companies, Trusts and Foundations ought to apply for a Letter of No Objection from the Mauritius Revenue Authority (MRA).
Gambling Taxes
The term gambling taxes encompass gaming taxes, betting taxes and betting duties which are imposed under Sections 60 (1) (d) and114 of the Gambling Regulatory Authority (GRA) Act.Some Operators licensed under the Act are subject to gambling tax and responsible gambling levy in respect of some of their activities.
Table below summarises the taxes and duties to which a licensed operator is subject.
|
Licence type |
Tax or duty |
Levy |
|
Casino |
15% of gross takings in respect of games specified in the First Schedule 35% of gross takings in respect of gaming machines |
2% of gross gambling yield |
|
Hotel casino Hotel casino operator |
|
2% of gross gambling yield |
|
Gaming House "A" |
30% of gross takings in respect of games specified in the First Schedule 35% of gross takings in respect of gaming machines |
2% of gross gambling yield |
|
Horse-racing Bookmaker conducting fixed odds betting on local race |
14% of gross stakes in respect of each race meeting |
2% of gross gambling yield |
| Bookmaker conducting fixed odds bet through remote communication | 14% of gross stakes per week | 2% of gross gambling yield |
|
Totalisator operator –
|
14% of gross stakes
|
2% of gross gambling yield |
|
Bookmaker conducting fixed odds betting on any other event or contingency other than a local race |
14% of gross stakes per week
|
2% of gross gambling yield |
|
Operator of Mauritius National Lottery (Lotto) Loterie Vert operator |
47.16% of net proceeds from lottery games 47.16% of net proceeds
|
No levy applicable |
|
(a) Sweepstake organizer (b) Local pool promoter (c) Agent of a foreign pool promoter (d) Limited payout machine operator (e) Amusement Machine operator |
14% of gross Proceeds 14% of gross stakes 14% of gross stakes 14% of gross takings or one million rupees whichever is the higher Rs 500 per machine |
2% of gross gambling yield
No Levy applcable |
Return submission
Every return and payment should be submitted electronically through the Value Added Network (VAN) provider, Mauritius Network Services.
Penalties and Interest
Section 116 of the GRA Act provides that a penalty of Rs 2,000 per month or part of a month up to a maximum of Rs 20,000 is payable in case a return is not submitted by due date.
Penalty for late payment representing 5% of the amount of tax, duty or levy payable should also be paid whenever a payment is made after its due date.
A penalty of Rs 5,000 per month up to a maximum of Rs 50,000 is payable in case a return is not submitted electronically.
Interest at the rate of 1% of the tax, duty or levy payable is applicable for any payment made after its due date.
Tax on winnings
Under Section 111O of the Income Tax Act, the Mauritius National Lottery Operator, a casino operator, a hotel casino operator or a gaming house operator is required to withhold a tax of 10% on any amount payable to a punter if ever the total amount exceeds Rs 100,000. The tax is remitted on a monthly basis to the Mauritius Revenue Authority.
Statement of winnings
Casino operator, hotel casino operator, gaming house operator, bookmaker, totalisator, operator of Mauritius National Lottery and an agent of a foreign pool operator are required to submit a statement providing details of winners in respect of whom any payment exceeding Rs 20,000 has been made. The statement should be submitted at the same time a return for gambling tax under Section 115 of the GRA Act is submitted.
General Information
Foreign Accounts Tax Compliance Act (FATCA)
Common Reporting Standard (CRS)
Country by Country Reporting (CbCR)
Multilateral Instrument (MLI)
Mutual Agreement Procedure (MAP)
Statements of Practice
Income Tax
| Title | Date Issued | Reference | Remarks |
|---|---|---|---|
| Trusts and Foundations | 24-08-21 | SP 24/21 | |
| Tax treatment arising from adoption of IFRS 15 - Revenue from contracts with customers | 15-Feb-21 | SP 23/21 | |
| Income subject to partial exemption | 27-Jan-21 | SP 22/21 | Reviewed on 12-May-21 |
| Fringe benefits - Car benefit on electric motor vehicle | 01-Dec-20 | SP 21/20 | |
| Deduction for Research & Development | 15-Jun-20 | SP 20/20 | |
| Tax treatment of assets acquired under lease | 15-Jun-20 | SP 19/20 | |
| Work from Home Scheme | 16-Mar-20 | SP 18/20 | |
| Tax Deduction at Source (TDS) on Commission | 12-Feb-19 | SP 16/18 | |
| Place of effective management | 28-Nov-18 | SP 17/18 | |
| Tax Deduction at Source (TDS) on Commission | 05-Oct-18 | SP 16/18 | |
| Statement of Practice - Passage Benefits | 29-Dec-16 | ||
| Statement for purchases of goods and services (Section 123B of the Income Tax Act) | 21-Jun-16 | SP 14/16 | |
| Imposition of Assessing Penalty | 18-Jan-16 | SP 13/16 | |
| Interest Relief on Housing Loan | 28-Apr-15 | SP 11/15 | Reviewed on 05 September 2017 |
| Update on CSR | 27-Dec-12 | ||
| Taxation of Foreign Exchange Differences | 27-Dec-12 | SP 10/12 | |
| Claims for Bad Debts | 16-Dec-09 | SP 09/11 | Reviewed on 18 January 2016 |
| Claims for Bad Debts | 27-Dec-11 | SP 03/09 | |
| Computation of CSR Fund | 27-Dec-11 | SP 08/11 | |
| Computation of Environment Protection Fee | 29-Apr-10 | SP 07/10 | Reviewed on 18 January 2016 |
| Tax treatment of dividend on redeemable preference shares | 27-Apr-10 | SP 06/10 | |
| Implementation of CSR | 30-Mar-10 | SP 04/10 | |
| Claim for Foreign Tax Credit | 02-Jun-09 | SP 02/09 | |
| Due date Submission of return / APS | 30-Nov-07 | ||
| Taxation of gains from sale of shares or other securities | 30-Oct-06 | Practice Note | Reviewed on 18 January 2016 |
VAT
| Title | Date Issued | Reference | Remarks |
|---|---|---|---|
| VAT Exemption to the holder of a Public Service Vehicle (Taxi) Licence | 04-Mar-20 | VAT/SP 4/20 | |
| VAT treatment of input tax in respect of immoveable property (Section 21(7) and 7A of the VAT Act | 03-Jul-14 | ||
| Determination of taxable value of jewellery manufactured from old jewellery provided by clients | 10-Apr-14 | VAT/SP 2/14 | Reviewed on 18 January 2016 |
|
VAT treatment on electricity and water to occupiers of large commercial /residential buildings |
08-Nov-13 | VAT/SP 1/13 | Reviewed on 18 January 2016 |
| VAT on Islamic Finance Transactions (Murabaha) | 13-Apr-10 | SP 05/10 |