The Mauritius Revenue Authority Launches New Unit

11 years, 2 months ago - February 01, 2013
The Mauritius Revenue Authority Launches New Unit
The Mauritius Revenue Authority (MRA) has put in place in April, a new unit, the High Networth Individual Unit that target taxpayers with assets and income "consistent." 50 to 100 people are involved.

The goal is to bring more revenue to the state , "said an officer of the MRA. For 2012, the MRA has raised Rs 5.3 billion with the Income Tax only. This year, she wants to raise its total revenue to Rs 65 billion, against Rs 58 billion last year.

The model of this unit will be modeled on the Large Tax Payers Department to oversee companies with annual turnover of over Rs 100 million. MRA has also inspired other countries, such as Australia, the United Kingdom and South Africa, which have established such a unit.

The latter has, however, begun to operate on a pilot basis. "We'll see what the property owned by the individual as well as his lifestyle. And according to the information we receive, "says our source.

But the task is difficult. " This type of taxpayers can more easily find loopholes in the system to pay less taxes. And the nature of its business is often more complex , "says the officer of the MRA.

But it is not only targeting those taxpayers. Once identified, they receive personalized service from the MRA, particularly in terms of paperwork and payment of the tax.

On the other hand, Tax Risk Management Unit will be created. His task: to ensure that payments are made on time. It will also consider all the information that gets MRA other institutions. It will subsequently report to be submitted to a committee chaired by the Director General.

 

Text by lexpress.mu

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