Fair Share Contribution - Mauritius Revenue Authority

Fair Share Contribution (FSC)

The Mauritius Revenue Authority (MRA) informs companies, that following changes brought to the Value Added Tax Act, companies having supplies exceeding MUR 24 million or that are required to be registered under the VAT Act and having a chargeable income exceeding MUR 24 million in an accounting year shall be liable to the Fair Share Contribution (FSC) in respect of income derived from 1 July 2025 to 30 June 2028.

Rate of fair share contribution

Companies, other than banks

Tax Rates	Rate of Fair Share Contribution
Company subject to income tax at the rate of 3%	2% of its chargeable income
Company subject to income tax at the rate of 15%	5% of its chargeable income

Banks

Banks will be subject to FSC at the rate of 5% of their total chargeable income; and to an additional FSC of 2.5% of chargeable income arising from transactions with residents (domestic operations) residents, other than from a global business entity.

FSC Quarter

Every company liable to fair share contribution and additional fair share contribution shall submit a statement and pay the corresponding contribution electronically to the Director-General, in respect of each quarter or part of a quarter under which the company is liable.

The FSC quarter of a company depends on its accounting year and is given in the table below:

Quarter	Income for period	Due date for submission of Statement and payment of contribution
First	3 months commencing on the first day of the accounting year	within 3 months from the end of the month in which the first quarter ends
Second	3 months immediately following the end of the first quarter	within 3 months from the end of the month in which the second quarter ends
Third	3 months immediately following the end of the second quarter	within 3 months from the end of the month in which the third quarter ends
Fourth	12 months ending on the last day of the accounting year	within 6 months from the end of the month in which the accounting year ends

Where the FSC quarter ends in the month of September, the due date for submission of the FSC Statement and payment of contribution shall be 2 days, excluding Saturdays and public holidays, before the end of December.
Where the FSC quarter ends in the month of March, the due date for submission of the FSC Statement and payment of contribution shall be 2 days, excluding Saturdays and public holidays, before the end of June.

Submission of FSC statement and payment

Quarter 1 to Quarter 3

Chargeable income for the first three quarters (Q1- Q3) to be determined based on either Option 1 or Option 2.

Option 1

Under this option, the chargeable income is deemed to be 25% of the chargeable income of the company for the accounting year ending on the date immediately preceding the commencement of that quarter as follows:

25/100 x Chargeable Income of the preceding Income Year
Option 2

The chargeable income is the difference between the gross income and the allowable deductions for that quarter including any loss brought forward from the previous quarter of the accounting year immediately preceding that quarter. Where the company opts for Option 2 and the calculated value is negative, the company may deduct that loss in the FSC Statement of the next quarter of the accounting year.

Fourth Quarter

The chargeable income of a company in respect of the fourth quarter, for which a statement is required to be submitted, shall be the chargeable income applicable for the whole accounting year.

The fair share contribution and additional fair share contribution payable on the chargeable income shall then be adjusted by FSC amount already paid by the company for the previous quarters, and the balance including any penalties or interests shall be payable.

Note:

Where any of the three months of a quarter does not fall between the period 1 July 2025 to 30 June 2028, the chargeable income for that quarter shall be reduced proportionately to the number of months of that quarter not falling under that period.

Where the statement is with respect to the fourth quarter of the accounting year, the proportion shall be calculated by reference to 12 months or the number of months in respect of which the company was deriving gross income and the number of months falling within the period 1 July 2025 to 30 June 2028.

Mode of Payment

Direct Debit

In order to enable you to effect payment of the contributions electronically, you need to fill in a PLACH Direct Debit Mandate Form which can be downloaded from the MRA website.

The PLACH Direct Debit Mandate Form should be duly signed and should reach the MRA office at latest within 15 days prior to due date for payment of the contribution.

Penalty for late payment of Fair Share Contribution

Where a company fails to pay the contribution on or before the due date, he shall be liable to, in addition to the amount of the contribution payable, a penalty of 2.5 per cent of the unpaid contribution.

Interest

The law provides for payment of interest at the rate of 0.25 per cent per month or part of the month during which the contribution remains unpaid.

Support Services

For further information, you may contact us via email This email address is being protected from spambots. You need JavaScript enabled to view it. or phone MRA Help Desk on 207 6000.

Filing
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