Tax Arrears Settlement Scheme

The MRA has introduced the Tax Arrears Settlement Scheme (TASS). This is a scheme that encourages taxpayers owing arrears of tax and duty to the MRA to settle the debt promptly. TASS covers arrears of Income Tax, VAT, Gaming Tax and Betting Duty still outstanding as at 8th June 2017 under a return submitted or an assessment raised on or before 30th June 2015. Tax and duty due under an assessment which is pending before the Assessment Review Committee (ARC), the Supreme Court or the Judicial Committee of the Privy Council are not covered under TASS. The incentive given by the TASS is that 100% of the penalties and interests charged will be waived, provided the taxpayer makes an application to the MRA before 31st March 2018. The amount of penalty or interest to be waived will be written off in the books of the MRA only, when the total tax has been settled on or before 31st May 2018. Where the total tax liability is not paid by 31 May 2018, any waiver of penalty and interest shall lapse and the total tax, penalty and interest shall become payable and recoverable.

Type

Insight

Locations

Mauritius

Share
Twitter LinkedIn Email Save as PDF
More Publications
18 Nov 2022

APPLEBY MAURITIUS NEWSLETTER, NOVEMBER 2022

There have been interesting developments in our legal landscape since our last issue with the Govern...

17 Nov 2022

Mauritius Case-Law Summary November 2022

This is a summary of recent cases likely to influence the practice of global business in Mauritius.

17 Nov 2022

The Statutory Requirement for a Debenture Holders’ Representative in Mauritius

A debenture is essentially a debt instrument which is traditionally not supported by any collateral ...

Contributors: Abdal Aumeer
17 Nov 2022

Banker's duty of confidentiality

A bank’s duty of confidentiality to its customers, as well as the obligation on banking institutio...

Contributors: Zahrah Juman
27 Sep 2022

Similar but Different

While the basic features of the trust remain, there are some notable differences in how trusts can b...

9 Sep 2022

Attachment Orders – A useful debt enforcement tool for creditors

One of the unsettling questions that lingers in the minds of creditors is how to secure or recover t...

25 Jul 2022

APPLEBY MAURITIUS NEWSLETTER, JULY 2022

There have been interesting developments in our legal landscape since our last issue with the Govern...

22 Jul 2022

Digital Banking - Being future ready

One of the positive aspects of digitalisation is the opportunity which it has offered for financial ...

21 Jul 2022

Concurrence Déloyale

This article reviews the approach which the Mauritian Supreme Court adopts on the concept of “Conc...

21 Jul 2022

Case Summaries

The Supreme Court had to address a preliminary objection raised by co-respondents Nos. 1, 2 and 3 on...