Question 1

Is PAF a licensed accounting firm?

Accepted Answer

Yes. PAF is a licensed accountancy firm registered with the Mauritius Institute of Professional Accountants (MIPA). Our firm is led by Fellow Chartered Certified Accountants (FCCA) who are members of the Association of Chartered Certified Accountants (ACCA), ensuring professional standards and technical expertise.

Question 2

Do I need an accountant to file Corporate tax in Mauritius?

Accepted Answer

While companies are not always required to appoint an accountant for tax filing, navigating corporate tax requirements can be complex.

A professional accountant can help ensure accurate tax computations, identify available deductions and allowances, reduce compliance risks, and support effective tax planning.

Question 3

Can PAF help us switch from another accountant?

Accepted Answer

Yes. We assist clients with a smooth transition from their existing accountant.

Our onboarding process includes coordinating the transfer of relevant working papers, tax information, accounting records, and system access where applicable. We also review key compliance deadlines with the Mauritius Revenue Authority (MRA) and Registrar of Companies (ROC) to ensure continuity and avoid missed obligations.

Question 4

Do we need to meet with PAF in person?

Accepted Answer

Not necessarily. We provide efficient support through secure email, telephone calls, and virtual consultations.

Where required, we are happy to arrange in-person meetings for document signing, business discussions, or strategic planning sessions.

Question 5

How do we get started with PAF?

Accepted Answer

Getting started is simple.

Contact us through our website or by phone to arrange an initial consultation. We will discuss your requirements, understand your objectives, and explain how we can support your business.

Once engaged, we guide you through a structured onboarding process with a clear checklist of required information and next steps.

Question 6

What is the corporate tax filing deadline in Mauritius?

Accepted Answer

Companies are generally required to submit their corporate tax return and pay any tax due within six months from the end of their financial year.

The applicable deadline may depend on the company's circumstances, accounting period, and current tax requirements.

Question 7

When do I need to register for VAT in Mauritius?

Accepted Answer

Businesses are generally required to register for VAT when their taxable turnover exceeds the prescribed threshold of MUR 3 million.

Once registered, businesses must comply with VAT obligations, including charging VAT at the applicable rate and submitting periodic VAT returns.

Certain rules may apply to specific categories of businesses, including foreign suppliers of digital and electronic services.

Question 8

What is the difference between operating as a sole trader and a company?

Accepted Answer

The main difference relates to legal structure and liability.

A sole trader and the business are legally the same entity, meaning the owner may have unlimited personal liability for business obligations.

A company is a separate legal entity, generally providing limited liability protection to shareholders. Companies also have additional compliance obligations, including statutory filings and financial reporting requirements.

The appropriate structure depends on your business objectives, risk profile, and long-term plans.

Question 9

What records should I keep for tax purposes?

Accepted Answer

Businesses should maintain complete and accurate records supporting their transactions and tax obligations.

Records typically include:

- Sales invoices and receipts
- Purchase invoices
- Bank statements
- Payroll records
- Accounting records
- Import and export documentation where applicable

Businesses should retain supporting documents in accordance with applicable regulatory requirements.

Question 10

What is the difference between tax avoidance and tax evasion?

Accepted Answer

Tax avoidance and tax evasion are fundamentally different.

Tax avoidance involves legally arranging financial affairs to reduce tax liability by using available deductions, exemptions, reliefs, and allowances.

Tax evasion involves illegal activities such as deliberately concealing income, submitting false information, or making fraudulent claims.

PAF supports ethical and compliant tax planning strategies designed within the framework of applicable tax legislation.

Question 11

How often should I review my business financial performance?

Accepted Answer

The frequency depends on the size and complexity of your business.

A practical approach is:

- Monthly – Review cash flow, expenses, and financial performance indicators
- Quarterly – Assess progress against budgets and business objectives
- Annually – Conduct strategic reviews, tax planning, and future business planning

Regular financial reviews help business owners make informed decisions and identify opportunities early.

Question 12

Can PAF provide outsourced bookkeeping and accounting services?

Accepted Answer

Yes. PAF provides outsourced bookkeeping and accounting support for businesses in Mauritius and internationally.

Our services can include transaction processing, reconciliations, accounts payable and receivable management, payroll support, management reporting, and ongoing accounting assistance.

Question 13

Does PAF assist with company formation in Mauritius?

Accepted Answer

Yes. We assist entrepreneurs, investors, and businesses with company formation and related compliance requirements.

Our support includes business structuring, incorporation assistance, corporate secretarial services, and ongoing compliance support.

Question 14

Does PAF provide audit services?

Accepted Answer

Yes. PAF provides independent audit services for companies, associations, NGOs, foundations, and other organisations.

Our audit services include financial statement audits, internal control reviews, governance reviews, and grant-related audits.

Question 15

Does PAF assist expatriates and foreign investors?

Accepted Answer

Yes. We support expatriates and foreign investors with business setup, tax considerations, residency-related matters, and ongoing compliance requirements in Mauritius.

Frequently Asked Questions

General FAQs