EOFY business tax return - DIY or use an accountant? - Mauritius forum

AussieInMauritius · 2023-06-04T07:32:01+02:00

Explore whether to file your EOFY business tax return in Mauritius yourself or hire an accountant, with insights from small business owners.

EOFY business tax return - DIY or use an accountant?

AussieInMauritius Contributor

Member since 14 April 2023

AussieInMauritiusContributor04 June 2023 05:32:01

131

For those of you that have a small business, do you do it yourself online & how hard is this. Or, is it best to use an accountant. Apparently all business have to do a tax return regardless of turnover - is this correct?

Rakesh26 New member

Member since 08 March 2023

Rakesh26New member04 June 2023 14:54:23

Yes, all business need to submit a tax return.

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Regards

Rakesh

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AussieInMauritius Contributor

Member since 14 April 2023

AussieInMauritiusContributor06 June 2023 05:46:39

131

@Rakesh26 Do you think it is necessary to use an accountant? or is easy to do?

Rakesh26 New member

Member since 08 March 2023

Rakesh26New member06 June 2023 07:15:16

Hello,

Thanks for your message.

It usually depends on the complexity of your business and transactions.

Over the years, I鈥檝e had many cases where Clients had to pay penalties and interest to the MRA , due to erroneous filings.

Hence, I would always recommend that accounts are prepared by Professional Accountants who are duly registered, as there are also lots of people who are not fully qualified that do this job for less money and they can鈥檛 be found when an issue crops up with the tax authorities.

Regards,

Rakesh