We are pleased to share some good news as Mauritius has gained four (4) places (from 10th to 6th worldwide) in the Paying Taxes 2019 report just released by PwC and World Bank in Beijing. Mauritius still ranks first in Africa.
The findings show that Mauritius is in line with global trends around how technology helps in improving tax systems. Indeed, the country's improved ranking is mainly due to less time to comply for filing of Corporate Income Tax (CIT) corrections (amended returns and related payments can now be made electronically).
The introduction of the 'Fast Track System' by the tax authorities also enabled businesses to make VAT claims and obtain refunds within a shorter period of time.
Now in its 13th edition, Paying Taxes continues to be a unique study from PwC and the World Bank Group, which investigates and compares tax regimes across 190 economies worldwide using a medium-sized domestic case study company.
This year, we look at how new tax software, real time reporting systems and data analytics are changing the way companies meet their tax compliance obligations and how tax authorities monitor and enforce those obligations.
We consider the balance between labour and income taxes, as economies consider the impact of the changes to the nature of work and the impact this has on revenue streams. And we look at some of the different approaches taken by tax authorities to tax audits and to the provision of training for both tax auditors and taxpayers.
Explore and compare 14 years tax data of several economies and geographic regions using one tool.