Plans to use electronic invoices have been confirmed by the Indian island republic of Mauritius. This was made public as revisions to the Value Added Tax Act in the 2022 Budget.
To comply with the new e-Invoicing System, businesses now have until December 30, 2022, to register with the Mauritius Revenue Authority. All significant billing systems are included in the regime’s scope:
- Cash registers
- Point of sales systems
- ERP’s and accounting systems
- Invoice billing applications
The MRA System must be compatible with the taxpayer’s systems, or the taxpayer must designate an agent to help with submissions.
Taxpayers will be required to pre-clear bills in a Continuous Transaction Controls CTCmodel under the new live reporting system. A fiscal invoice must be reported and confirmed before an invoice may be paid. The taxpayer must first be certified with the Director-General of the Mauritius Revenue Authority in order to do this.
The new system includes sales notes, credit notes, and debit notes.
Failure to issue registered invoices carries a fine of MUR 5,000 to 10,00 p month. However, it may increase to MUR 200,000.
A pilot program will begin next year, initially focusing on substantial taxpayers.
Effective date: 2022