Finance, Accounting & Tax

Accounting Services in Mauritius

Professional bookkeeping, financial reporting, statutory audit coordination and full tax compliance for Mauritius companies, trusts and funds.

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Companies incorporated in Mauritius are required under the Companies Act 2001 and the Income Tax Act 1995 to maintain proper accounting records, prepare annual financial statements and comply with local tax filing obligations enforced by the Mauritius Revenue Authority (MRA). For licensed entities, the Financial Services Commission (FSC) imposes additional reporting duties. Our accounting team provides full-service support — from routine bookkeeping and management reporting to statutory audit coordination, consolidated group reporting and CbCR readiness — so that your Mauritius structure remains compliant, audit-ready and fully defensible.

How we onboard your accounting mandate

Scoping & engagement letter

We review your corporate structure, financial year-end, transaction volume and reporting requirements. We confirm the applicable accounting standard (IFRS, IFRS for SMEs or local GAAP), identify all statutory filing deadlines and issue an engagement letter with a fixed or capped monthly fee.

Data migration & chart of accounts setup

We obtain prior-year financial statements, bank statements and any existing ledger files. We configure your chart of accounts to reflect your holding structure, intercompany relationships and reporting currency, and integrate your banking feeds where available.

Ongoing bookkeeping & reconciliations

We record transactions on your agreed cadence (monthly or quarterly), reconcile all bank accounts and intercompany balances, and flag any unusual or unclassified items for your review. You receive a monthly exception report and a summary trial balance.

Management accounts delivery

At each reporting period we deliver a management accounts pack — including profit and loss, balance sheet and key ratio analysis — within 15 business days of period-end. Board-level commentary is available on request.

Year-end close & audit preparation

We perform the full year-end close, post adjusting entries (accruals, prepayments, depreciation, tax provisions) and prepare a complete set of draft financial statements with supporting schedules. We then coordinate with your appointed auditor and respond to audit queries.

Tax return filing & regulatory submissions

Following audit sign-off, we prepare and e-file the corporate income tax return with the MRA within the statutory deadline. We also file all ancillary returns — APT, FSC annual report, CRS/FATCA, SFT — and provide you with filed copies and payment confirmation receipts.

Statutory accounting requirements for Mauritius companies

All Mauritius companies must maintain accounting records that sufficiently explain their transactions and financial position — required under Section 192 of the Companies Act 2001.
Annual financial statements must be prepared within six months of the financial year-end for private companies, and filed with the Registrar of Companies via the Companies Registry Online (CRO) portal.
GBCs and other FSC-licensed entities must file audited financial statements with the FSC within nine months of the financial year-end.
Statutory audit is mandatory for GBCs, Category 1 funds, companies with a turnover exceeding MUR 100 million and any public interest entity as defined by the Financial Reporting Act 2004.
Corporate income tax returns must be filed electronically with the MRA within six months of the financial year-end. The standard corporate tax rate is 15%; GBCs may benefit from a partial exemption regime reducing the effective rate to 3% on eligible foreign-source income.
Advance Payment of Tax (APT) is payable quarterly — by the end of months 3, 6, 9 and 12 of the financial year — based on either 25% of the prior-year tax liability or actual current-year profits.
Transfer pricing documentation is required under the Income Tax (Transfer Pricing) Regulations 2019 for controlled transactions between related parties where the aggregate annual value exceeds MUR 50 million.
CRS and FATCA reporting obligations apply to GBCs and trusts classified as Reporting Financial Institutions under Mauritius's IGA with the US and the Multilateral Competent Authority Agreement (MCAA).

Indicative accounting fees

Indicative annual ranges only. Final pricing depends on transaction volume, entity type, number of bank accounts, audit requirement and frequency of reporting.

Item	Indicative range
Bookkeeping (per annum, simple holding GBC)	USD 1,200 – 2,500
Bookkeeping (per annum, trading or fund structure)	USD 3,500 – 8,000
Annual financial statements preparation	USD 1,500 – 4,000
Statutory audit coordination (excluding auditor fee)	USD 800 – 2,000
Corporate tax return preparation & filing	USD 750 – 2,500
CRS / FATCA annual reporting	USD 500 – 1,500

Bookkeeping & transaction processing

Monthly or quarterly recording of all financial transactions, including bank reconciliations, accounts payable and receivable, intercompany entries and multicurrency ledger maintenance. We work with cloud-based platforms (QuickBooks, Xero, Sage) or your preferred ERP to maintain a clean, audit-ready ledger at all times.

Annual financial statements

Preparation of complete statutory financial statements — balance sheet, profit and loss, cash flow statement and notes — in accordance with full IFRS, IFRS for SMEs or Mauritius GAAP as applicable to your entity type and size. GBC holding companies and fund structures typically require full IFRS presentation for banking and investor purposes.

Management accounts & group reporting

Monthly or quarterly management accounts tailored to your board or investor requirements, including variance analysis, budget-versus-actual comparisons and intercompany eliminations for group consolidated reporting. Delivered in your preferred format — Excel, PDF or directly into your group reporting system.

Statutory audit coordination

Liaison with FSC-approved local auditors for the statutory audit process required for most GBCs, funds and public interest entities. We prepare audit-ready working papers, respond to auditor queries and manage the audit timetable to meet the Companies Act filing deadline (nine months after financial year-end for most entities).

Corporate tax compliance

Preparation and electronic submission of the annual corporate tax return to the MRA, together with advance payment of tax (APT) quarterly calculations and provisional tax estimates. We also prepare the Statement of Financial Transactions (SFT) and any transfer pricing documentation required under the Income Tax (Transfer Pricing) Regulations 2019.

VAT registration & returns

Registration for VAT where required (mandatory once annual turnover exceeds MUR 6 million, approximately USD 135,000), preparation and filing of monthly or quarterly VAT returns, and reconciliation of input and output tax. We also advise on the VAT treatment of cross-border services between Mauritius entities and foreign counterparties.

Payroll accounting & TDS

Monthly payroll processing for locally employed staff, including calculation of PAYE, National Pension Fund (NPF) and National Savings Fund (NSF) contributions, filing of employer returns with the MRA and issuance of employee payslips. Mauritius employers are required to file the monthly PAYE return (EM Form) by the end of each month.

CRS / FATCA financial reporting

Preparation and submission of annual CRS (Common Reporting Standard) and FATCA reports to the MRA on behalf of GBCs, funds and trusts classified as Reporting Financial Institutions. Includes entity classification review, account holder due diligence and XML file generation to OECD schema requirements.

Frequently asked questions

Are Mauritius companies required to have their accounts audited?

Most GBCs and domestic companies above a certain size are required to have their financial statements audited by a registered local auditor. Specifically, the statutory audit requirement applies to GBCs, companies with turnover exceeding MUR 100 million, listed companies and public interest entities. Smaller entities — particularly Authorised Companies and certain domestic SMEs — may qualify for an exemption and can instead opt for a compilation engagement.

What accounting standard applies to Mauritius companies?

Companies listed on the Stock Exchange of Mauritius and public interest entities as defined by the Financial Reporting Act 2004 are required to apply full IFRS. Other companies may apply IFRS for SMEs or local standards, subject to certain conditions. In practice, most GBCs used for international holding or investment management adopt full IFRS to satisfy banking counterparties and group reporting requirements.

What is the corporate tax rate in Mauritius, and are there any exemptions?

The standard corporate income tax rate is 15%. GBCs that meet the substance requirements prescribed by the FSC may claim an 80% partial exemption on certain categories of foreign-source income — including dividends, interest, royalties, capital gains on foreign securities and income from the provision of services to non-residents — resulting in an effective tax rate of 3% on qualifying income. The partial exemption must be claimed in the annual tax return and is subject to an annual review by the MRA.

When must a Mauritius company file its tax return?

Corporate income tax returns must be filed electronically with the MRA within six months of the financial year-end. For example, a company with a 31 December year-end must file by 30 June of the following year. Advance Payment of Tax (APT) is payable quarterly throughout the year. Failure to file on time attracts a penalty of MUR 2,000 per month of delay, plus interest on outstanding tax at 0.5% per month.

Do Mauritius trusts also have accounting and tax filing obligations?

Yes. Mauritius resident trusts — i.e. those administered by a licensed trustee in Mauritius — are subject to income tax at 15% on Mauritius-source income. They must file an annual income tax return with the MRA. Where the trust qualifies for the partial exemption regime applicable to Category 2 Global Business entities, foreign-source income may be largely exempt. Trustees are also responsible for CRS and FATCA classification and, where applicable, annual reporting to the MRA.

Can Sunibel act as outsourced CFO for our Mauritius holding structure?

Yes. In addition to statutory accounting and tax compliance, we provide CFO-as-a-service engagements for family offices, investment holding groups and fund structures requiring periodic board reporting, treasury oversight, intercompany loan monitoring and lender reporting. We can attend board meetings (in person or remotely) and sign financial certifications as required by your bank or the FSC.

The information on this page is provided for general guidance only and does not constitute legal, tax or regulatory advice. Always seek professional advice specific to your situation.