Accounting & Compliance
You have a company registered in Mauritius, but the accounting side is still unclear? IFRS standards, MRA filings, FSC audits, quarterly instalments: obligations are many, deadlines are tight, and mistakes can be costly. Managing the accounting and tax obligations of a Mauritian company requires a solid understanding of IFRS standards, the local regulatory framework and reporting requirements to the MRA and the FSC. We offer a comprehensive annual management service that is rigorous and compliant with international standards.
Our accounting and management services
A comprehensive accounting service, tailored to the specifics of Mauritian companies and the requirements of international standards.
IFRS bookkeeping
We record all your financial transactions in accordance with IFRS standards applicable in Mauritius. Multi-currency bookkeeping with monthly bank reconciliations and interim financial statements.
- Recording and classification of accounting documents
- Monthly bank reconciliations
- Quarterly and annual financial statements
- Multi-currency accounting (USD, EUR, GBP, MUR)
Tax filings (MRA)
We prepare and file all your tax returns with the Mauritius Revenue Authority: corporate tax, quarterly instalments (APS), VAT returns and withholding tax.
- Annual corporate tax return
- Quarterly instalment (APS) calculation and payment
- Monthly or quarterly VAT returns
- Foreign Tax Credit (FTC) management
Annual audit and compliance
We coordinate the audit with licensed firms in Mauritius. We prepare the files, follow up on audit work and present the annual accounts to shareholders and regulators.
- Annual audit file preparation
- Liaison with external auditors
- Filing of audited accounts with the FSC and Registrar
- Annual general meeting and minutes
Reporting and financial management
Beyond compliance, we provide real financial management tools to inform your decisions: dashboards, margin analysis, cash flow projections and performance indicators.
- Monthly financial dashboards
- Cash flow forecasts and budget planning
- Profitability analysis by activity
- Customised reporting for investors
Annual obligations calendar
Staying compliant in Mauritius means meeting precise deadlines throughout the year. We ensure rigorous monitoring of each obligation to avoid any delay or penalty.
First quarter
Closing of the previous financial year accounts. Preparation of annual IFRS financial statements. Launch of the audit process. First quarterly corporate tax instalment (APS).
Second quarter
Finalisation of annual audit. Filing of audited accounts with the FSC and Registrar of Companies. Second quarterly APS instalment. CRS/FATCA filings for automatic exchange of information.
Third quarter
Filing of annual corporate tax return with the MRA (within 6 months of year-end). Third APS instalment. Mid-year review and budget adjustments. FSC licence renewal.
Fourth quarter
Fourth APS instalment and regularisation. Preparation for current year-end closing. Annual inventory and year-end provisions. Tax planning for the following year and review of applicable tax treaties.
Need rigorous accounting support?
We handle all your accounting and tax obligations. No commitment.
Why outsource the accounting of your Mauritian company
Entrusting your accounting to a specialised provider is a real advantage for directors and investors. Here is why.
Guaranteed compliance
Systematic compliance with IFRS standards, MRA deadlines and FSC requirements. Your filings and declarations are submitted within the required deadlines.
Time savings
Focus on growing your business. All administrative and tax obligations are handled by our qualified teams.
Financial visibility
Clear and regular reporting to manage your business. Dashboards, margin analysis and cash flow projections at your disposal.
Data security
Your accounting and financial data is protected by strict security protocols and a rigorous confidentiality policy.
Cost optimisation
A predictable annual package that includes all services. No payroll costs, no software to maintain, no training to fund.
Local expertise
A team based in Mauritius, with thorough knowledge of the local regulatory framework and practices of the authorities (MRA, FSC, Registrar of Companies).
What is the tax regime for a company in Mauritius?
The standard corporate tax rate in Mauritius is 15%. However, Global Business Companies (GBC) earning foreign-sourced income can benefit from an 80% Foreign Tax Credit, effectively reducing the rate to approximately 3%.
To qualify, the company must meet strict economic substance requirements: qualified staff in Mauritius, physical premises, and strategic decisions made locally. These conditions are verified annually by the Financial Services Commission (FSC).
There is no withholding tax on dividends, interest or royalties paid by a Mauritian company to non-residents. Combined with the 45+ double taxation treaty network, this makes Mauritius a particularly efficient jurisdiction for international structures.
Who is this service for?
Our accounting and management service is designed for specific profiles. Here is when it makes sense — and when it doesn't.
When it makes sense
You have an active GBC
Your company holds an FSC licence and must comply with full IFRS standards, mandatory annual audit and CRS/FATCA filings.
You invoice from Mauritius
Whether e-commerce, consulting or online services, you need rigorous accounting and compliant tax filings.
You manage a holding company
Holding company accounting involves dividend flows, foreign tax credits and specific transfer pricing documentation.
You are switching providers
You are not satisfied with your current accountant and are looking for a more responsive, rigorous and transparent partner.
When it's NOT the right fit
Shell company with no real activity
If your company has no commercial activity and only serves as a shell, annual accounting will not solve the core issue: the lack of substance.
One-off DIY accounting
If you just want to produce a balance sheet once a year without ongoing support, our approach is not the right fit. We work long-term with monthly monitoring.
Company in another country
We only manage accounting for companies registered in Mauritius (GBC or Domestic). For other jurisdictions, we can refer you to partners.
Common mistakes in Mauritian accounting
The most frequent errors we see among entrepreneurs who manage their company from abroad or without proper support.
Forgetting quarterly tax instalments (APS)
Many entrepreneurs don't realise that corporate tax in Mauritius is paid quarterly in advance. Late payments trigger automatic MRA penalties.
Not documenting economic substance
Having offices and staff is not enough. You need to document local decision-making, board minutes and actual expenses. Without this documentation, the Foreign Tax Credit may be challenged.
Confusing local standards with IFRS
IFRS standards applicable in Mauritius differ from French or Belgian accounting plans. Misclassified entries can distort financial statements and delay the audit.
Ignoring CRS/FATCA obligations
GBCs are subject to automatic exchange of information. Failing to file CRS and FATCA returns can lead to FSC sanctions.
Frequently asked questions about accounting in Mauritius
Answers to the questions our clients ask most often about accounting and tax management of their company in Mauritius.
Every company registered in Mauritius must keep its accounts under IFRS or IFRS for SMEs, as required by the Financial Reporting Act 2004. GBCs are held to full IFRS standards. At CAP Maurice, we prepare and maintain your accounts in full compliance with these standards. The result: financial statements that are credible with banks, investors and regulators.
Yes, for GBCs it is mandatory: their accounts must be audited every year by an auditor licensed in Mauritius. Domestic Companies are subject to it once they exceed certain turnover or balance-sheet thresholds. Even below those, the FSC or MRA may require it. We coordinate the entire audit process with recognised firms on the Mauritian market.
You must file the Corporate Tax Return within six months of the financial year-end. Tax is paid in quarterly instalments (APS). If your company is VAT-registered (from 6 million MUR of turnover), there are also monthly or quarterly VAT returns. We handle all of this for you.
GBCs earning foreign-source income benefit from a deemed tax credit of 80% on the Mauritian tax. In practice, this brings the effective rate down to around 3%. To qualify, you need to meet economic substance conditions and document the income properly. We make sure your company ticks every box, in compliance with the legislation in force.
Of course, you can transfer your accounting to us at any time. We retrieve the history from your previous provider and take over all ongoing obligations. We also carry out a transition audit to check the previous entries and ensure the continuity of your compliance.
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