MRA communique – Extension of deadline for FATCA Reporting
Article Published on April 30, 2020
Dear Client,
The Mauritius Revenue Authority has issued a communique on 28 April 2020 to extend the deadline for reports due under Foreign Accounts Tax Compliance Act ( FATCA) to 30 September 2020 .
This extension is due to the circumstances surrounding the global pandemic and will provide a welcome (but temporary) relief to Mauritius Foreign Financial Institutions (FFIs) and service providers.
We however note that the communique is silent on Common Reporting Standard (“CRS") reporting dates and therefore as matters currently stand, the deadline for CRS for the year 2019 is on 31 July 2020.
Our team has expertise both in CRS and FATCA legislation - please feel free to reach out for any queries or assistance that you may require.
