Statement of Financial Transactions (SFT)

 

Income year ended 30 June 2019

 

Banks and non-bank deposit taking institutions are required to submit an annual Statement of financial transactions (SFT) giving the details of all transactions effected by a person (individual, societe or succession) where any of his deposits exceeds MUR 500,000 in a single deposit (MUR 1 million for a company) or where the aggregate amount of deposit, in an income year exceeds MUR 4 million (MUR 8 million for a company).

 

The details that are required to be provided include:

  • the bank account number;
  • the total deposit made in that bank account and in any other bank account held by that person in his own name or jointly with another person; and
  • the balance as at 30 June.

 

The total deposit does not include emoluments, intra-account transactions and loan disbursements credited into that account.

Bank and non-bank deposit taking institutions are not required to report on non-resident individuals, Global Businesses and public listed companies, its subsidiaries and associates.

 

The file containing the required information can be uploaded on the e-filing facilities of the MRA as CSV file

 

The deadline for the submission of the SFT is 15 August 2019.

 

Prerequisites

 

  • Before you start, ensure that you have your User ID *(TAN), password and the details of financial transactions or CSV file, as applicable, ready as per MRA's specifications.

 

"Click here to file your SFT"

 

General information for Electronic Filing of SFT for income year ended 30 June 2019:

 

Kindly read the instructions below before starting to file your SFT

 

  • Taxpayers are recommended to use a recent version of Google Chrome, Internet Explorer or Mozilla Firefox as browser to file their return.

     

  • Please ensure that you provide your email address and telephone number as they will be used by MRA to communicate with you.

     

  • On successful submission of the SFT, an acknowledgement ID will be displayed on your screen, followed by an email confirming same. If you have not received an acknowledgement ID,the submission is incomplete. Please take necessary actions to correctly submit your SFT.

     

  • Only one SFT can be submitted for any particular income year. However, in case you wish to make amendments to a SFT that has already been submitted, please contact the Help Desk Unit at MRA on 2076000.

 

E-filing of SFT

 

The SFT should be in the following file format:

 

  • CSV (click here for more information)

 

Click on the links below to obtain the specifications, templates and step-by-step guide.

 

CSV file format

 

 

Guidelines for e-fling

 

 

"Click here to file your SFT"

Deadline for e-filing of SFT

 

The SFT should be filed electronically by15 August 2019.

 

Support services

 

MRA Help Desk Unit on 207 6000 is available during office hours from 08 45 to 16 30on working days to assist taxpayers to file their SFT. You may also visit our Customer Service Desks on the ground floor of MRA Head Office, Ehram Court, Cnr. Mgr. Gonin and Sir Virgil Naz streets, Port Louis.