Devotion Global CSP

Financial Record Management

Accounting & Tax Services

Routine bookkeeping and annual tax return preparation adhering to International Financial Reporting Standards (IFRS) and Mauritius Revenue Authority (MRA) mandates.

Routine Bookkeeping: Monthly/quarterly general ledger management on QuickBooks, Xero, or Sage.
MRA Tax Submissions: Corporate Income Tax (ITR1) filing and advance payment system (APS) compliance.
Financial Statements: Statutory financial statements prepared for annual AGM and CBRD submission.

Outsource Accounting

Complete Tax Compliance

Avoid MRA penalties and maintain good corporate standing through timely tax filings and accurate general ledgers.

Regulatory & Compliance

Legal Considerations

Navigating statutory mandates under the Companies Act 2001, Financial Services Commission (FSC) requirements, and accounting document retention laws.

7-Year Record Retention: Keeping financial records in accordance with the Mauritius Income Tax Act.
Corporate Governance: Board resolutions for major transactions and GBC substance requirements.
CBRD Annual Returns: Timely filing of annual returns with the Corporate and Business Registration Department.

Review Legal Compliance

Statutory Protection

Ensure full legal adherence to CBRD and MRA regulations to safeguard directors and officers from statutory liabilities.

Independent Assurance

Tax Audit Services

Independent statutory audits under the Financial Reporting Act 2004 and advisory representation during MRA tax examinations.

Statutory Audit: External audits by licensed auditors per ISA standards for qualifying entities and GBCs.
MRA Field Audit Support: Professional representation and dispute resolution during tax inquiries.
Internal Control Reviews: Identifying compliance risks and optimizing financial controls.

Schedule Audit Support

Audit Readiness Assessment

Comprehensive pre-audit assessments ensuring financial statements meet statutory standards before submission to external auditors.

Statutory Mandate

Residence Director Services

Comply with the Companies Act 2001 (requiring 1 resident director for domestic entities) and FSC rules (requiring 2 resident directors for Global Business Companies).

Qualified Resident Directors: Local resident directors tailored to domestic and GBC regulatory frameworks.
Governance & Substance: Maintaining economic substance and independent management control.
FSC & CBRD Compliance: Meeting legal governance standards with transparent fee structures.

Appoint Resident Director

Nominee Resident Director

CBRD & FSC Statutory Requirement Service

Instant Compliance Setup

Cross-Border Compliance

WithHolding TAX Advisory

Manage MRA withholding tax obligations on outbound payments to non-residents, with optimizations available via DTAA tax treaties.

MRA Filing & Remittance: Timely filing and payment of tax withheld at source.
DTAA Relief Optimization: Accessing reduced withholding tax rates via Mauritius's extensive treaty network.
Cross-Border Structuring: Structuring royalty, management fee, and interest payments efficiently.

File Withholding Tax

Withholding Tax Rates Overview

Interest Payments: 15% standard rate (0% for non-resident banks/entities in specific cases)

Royalties: 15% to non-residents (0% for GBC foreign-source royalty structures)

Management Services Fees: 10% standard rate

Regional Tax Comparison

AFRICA & INDIAN OCEAN TAX Rates Matrix

Compare corporate tax rates, VAT rates, and capital gains policies across key regional financial jurisdictions to optimize cross-border operations.

Jurisdiction	Corporate Tax Rate	VAT Rate	Capital Gains Tax	Dividend Tax
Mauritius	15% (3% Effective GBC Rate)	15%	0% (None)	0% (None)
Seychelles	15% - 25%	15%	0% (None)	0%
South Africa	27%	15%	21.6% (Effective)	20%
Kenya	30% (Resident)	16%	15%	5%
United Arab Emirates	9% (Above AED 375k)	5%	0%	0%

Book Keeping & Tax Advisory