Statement of Financial Transactions - Credit and Prepaid Card Accounts (SFC)

 Income Year Ended 30 June 2025

Subject to Section 123D(1)(aa) of the Income Tax Act, every bank or non-bank deposit taking institution under the Banking Act shall furnish to the Director- General, on or before 15 August in every year, a statement of financial transactions with respect to credit card accounts or prepaid card accounts held by:

  • an individual in his own name or jointly with any other person, a société or a succession where a deposit exceeding 100,000 rupees or deposits exceeding one million rupees in the aggregate in the preceding year have been made; or

  • a person, other than an individual, a société or succession, where a deposit exceeding 250,000 rupees or deposits exceeding 2 million rupees in the aggregate in the preceding year have been made.

A Statement of Financial Transactions for credit and prepaid card accounts (SFC) shall be submitted electronically in such form and manner as determined by the Director-General and shall include the following details:

  1. Full name of the cardholder

  2. NIC number or, in the case of a non-citizen, the identification number issued by the immigration officer, passport number, Business Registration Number (BRN), or ID issued by DG, as applicable

  3. Card Type (Credit or Prepaid)

  4. Number of Users

  5. Masked card number (first 6 digits and last 4 digits, separated by an asterisk (*))

  6. The Card Currency

  7. Total Deposits in Card currency and MUR

  8. Balance as at 30 June in Card currency and MUR

Remarks

  1. Scheduled credit card repayments should be excluded.

  2. Proprietary cards (Fuel/Fleet cards) are excluded from the reporting requirement.

  3. All active cards held by a reportable person at the start of the reporting period should be reported, regardless of whether they were blocked during the period.

  4. The reporting obligation does not apply to:

    1. Entities holding a Global Business Licence issued by the Financial Services Commission

    2. A public listed company, its subsidiaries, and associates

    3. A Ministry, Government department, local authority or statutory body, the Rodrigues Regional Assembly

The statement must be submitted electronically through the MRA e-filing platform as per the prescribed specifications.

Prerequisites

ArrowRight2Blue Click here to file your SFC (Coming Soon)

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

Deadline for e-filing of SFC

The deadline for submission is 15 August 2025.

Support services

MRA Tax Risk Management Unit on 207 6049 is available during office hours from 08 45 to 16 30 on working days to assist taxpayers to file their Financial Statements or send an email to This email address is being protected from spambots. You need JavaScript enabled to view it. for additional information, clarification or assistance you may require


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