- Phased Implementation of E-Invoicing: The Mauritius Revenue Authority (MRA) has announced that, starting in the 2025-2026 financial year, suppliers with an annual turnover exceeding MUR 80 million (approximately €1.5 million) will be required to join the mandatory e-invoicing system.
- Regulatory Background: The e-invoicing mandate was established through amendments to the VAT Act, necessitating businesses to connect electronically to the MRA’s system for registering all invoices, including credit and debit notes. Specific regulations on e-invoicing were published in September 2023.
- Current Requirements and Preparation: As of May 15, 2024, businesses with a turnover exceeding MUR 100 million (approximately €1.9 million) must issue e-invoices. The new budget announcement broadens this requirement, and while the exact implementation date for the lower threshold has not been specified, affected businesses should start preparing their systems to comply with the forthcoming e-invoicing requirements.
Source: sovos.com
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Mauritius expands the scope of its e-invoicing obligation
- Reduction of Compliance Threshold: Mauritius is expanding its e-invoicing requirements by lowering the annual turnover threshold for mandatory compliance from 100 million MUR to 80 million MUR, affecting more businesses.
- Mandatory Electronic Submission: Businesses with an annual turnover exceeding 80 million MUR will be required to submit transaction data electronically as part of the Electronic Billing System (EBS).
- Implementation Timeline: While specific dates for the new e-invoicing requirements have not been announced, implementation is expected to occur during the 2025-2026 period.
Source Pagero
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
