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Self Employed / Current Payment System (CPS)

 

  1. Who is a self-employed?

    A self-employed person is one who does not have a contract of employment. He is his own boss sharing neither risk nor return with any person. He generates income from a trade, business or profession on his own name. However, he may obtain rental income.

     

  2. Business Registration Number (BRN)

    Any individual conducting business in Mauritius should obtain his Business Registration Number (BRN) from the Registrar of Companies. The BRN should be indicated on all invoices issued by him.

     

  3. Due Dates

    The Current Payment System (CPS) for self employed people is on a quarterly basis:

     

    In respect of CPS quarterDue date for submission of CPS Statement and payment of tax
    1 Jul to 30 Sept 2 days excluding Saturdays and public holidays before the end of December
    1 Oct to 31 Dec 31 March
    1 Jan to 31 March 2 days, excluding Saturdays and public holidays, before the end of June

     

    No need to submit for the 4th quarter, since taxpayer is required to submit Annual Return on 30 September.

     

  4. Obligations for Submission of CPS

    A CPS Statement of Income should be submitted quarterly to the Director General by every self-employed taxpayer deriving business income (Including Income from Profession, Vocation or Occupation) and rental Income where:

    1. the gross income falling under CPS for the preceeding income year exceeded Rs 4 million; or
    2. the tax payable on the chargeable income exceeds Rs 500

     

  5. Rate of tax payable under CPS 

    The Chargeable Income of a quarter is taxed at the rate of 15%

     

  6. Penalty & Interest
    • Late Submission of statement of income

      A penalty of Rs 2,000 per month or part of the month until such time as the Statement of Income is submitted provided that the total penalty payable shall not exceed Rs 6,000 per Statement of Income.

    • Late Payment of tax under CPS

      A penalty of 5% of the amount of tax remaining unpaid and interest at the rate of 0.5% per month or part of the month during which the tax remains unpaid.

     

  7. Annual Return

    Every person who is required to submit a Statement of Income under the CPS shall at the end of the income year, submit to the Director- General the annual return in due date.

    Where an individual fails to submit the annual return, he shall be liable to pay to the Director-General penalty and interest.

     

  8. Due Dates

    Return / Submission Date : 30 September

    Payment Date : 30 September*

    * Next working day if 30 September is a Sunday or Public Holiday

    The deadline is 15 October for taxpayers filing their returns electronically and effecting payment, if any, using internet banking, ATM, mobile payment and direct debit.