PRIVATE &
Please quote your TAX ACCOUNT NO. in all communications addressed to the Mauritius
CONFIDENTIAL Revenue Authority, Ehram Court, Cnr Mgr Gonin & Sir Virgil Naz Streets, Port Louis.
I.T. FORM 3
TAN :
RETURN OF INCOME - COMPANY & TRUST
Income Tax
Year of assessment 2014
(Under section 116 of the Income Tax Act)
This form also applies to non-resident socits and any other body of persons liable to corporate income tax
No accounts should be submitted with the return
This return duly filled in together with payment of tax, if any, should reach MRA not later than six months from the end of the month
in which the companys accounting year ends. However, where the companys accounting year ends in June 2014, the return should
reach MRA on or before - (i) 29 December 2014 together with payment where tax is payable,
(ii) 15 January 2015 where no tax is payable.
Please read the Notes for completion of annual return before filling in this form.
1
Full name ..........................................................................................................................................
Email address .........................................................................................................
Currency in which return is submitted M U R
Main business activity of the company (See Note 1(a))
D D M M Y Y
Closing date of accounts
Sector: ........................................................................................................
Type of activity: ........................................................................................
Detail of activity: ......................................................................................
5
Yes
No
Has there been more than 20% change in the ownership of the shares of the company during the income year?
If above is yes, state the percentage change in shareholding .................................................
Was the company in operation during the income year?
Did the company have any transaction with related companies and/or individuals during the income year?
If above is yes, were all these transactions based on an arms length price?
Did the company make any distribution by way of shares in lieu of dividends during the year?
Amount of dividend declared Rs ..........................................................
10 Is it the first year of assessment in respect of which the company is liable to submit a return?
If yes, does the company irrevocably elect for the taxation of foreign exchange differences on a realised basis?
11 Did the company have its place of central management and control in Mauritius?
12 In the case of trust, state the place of setting up of the trust ..............................................
13 Name of accountant/Firm of accountants .................................................................................
14 Have the accounts been audited?
If above is yes, did the auditors qualify their report or express any reservation?
Name of auditor .............................................................................................................................
Male
Female
15 Number of employees including exempt employees as at closing date of accounts
Declaration (See Note 1(b))
I, .......................................................................................................................................................................................................................... hereby
(a) declare that the income, deductions, tax credits and other particulars in this return are true, correct and complete;
(b) tender the sum of
Rs .......................................
being the tax payable in accordance with this return;
(c) apply for a refund of
Rs .......................................
being the tax paid in excess in accordance with this return.
Daytime phone number
Signature
.................................................................................
Date .......................................................
Capacity in which acting ............................................................................
Page 2
TRADING AND PROFIT AND LOSS ACCOUNT (See Note 2)
Rs
Rs
Turnover or Gross amount receivable
..................................... 1
Less: Cost of sales
..................................... 2
Gross Profit/Loss
..................................... 3
Add: Dividends
..................................... 4
Interest
..................................... 5
Rent
..................................... 6
Royalties
..................................... 7
Profit on disposal of assets
..................................... 8
Profit on sale of securities
..................................... 9
10
Other income / items credited to profit and loss account
..................................... 10
11
Total lines 3 to 10
11 .....................................
Deduct: Expenses per profit and loss account
12
Wages and salaries
..................................... 12
13
Other staff costs
..................................... 13
14
Directors emoluments
..................................... 14
15
Commissions and discounts
..................................... 15
16
Entertainment expenses, gifts and donations
..................................... 16
17
Stationery and consumables
..................................... 17
18
Information systems and computer expenses
..................................... 18
19
Security and cleaning services
..................................... 19
20
Advertising and promotional expenses
..................................... 20
21
Overseas travelling expenses
..................................... 21
22
Overseas marketing and promotional expenses
..................................... 22
23
Legal and professional fees
..................................... 23
24
Management fees
..................................... 24
25
Interest
..................................... 25
26
Bank charges
..................................... 26
27
Loss on foreign currency exchange
..................................... 27
28
Electricity, water and telephone charges
..................................... 28
29
Rent
..................................... 29
30
Rates and taxes
..................................... 30
31
Royalties
..................................... 31
32
Licences
..................................... 32
33
Insurance
..................................... 33
34
Motor vehicle expenses
..................................... 34
35
Repairs and maintenance
..................................... 35
36
Depreciation
..................................... 36
37
Bad debts and provision for doubtful debts
..................................... 37
38
Loss on disposal of assets
..................................... 38
39
Loss on revaluation of assets
..................................... 39
40
Other expenses
..................................... 40
41
Total lines 12 to 40
41 .....................................
42
Net Profit or Loss per Profit and Loss Account (Transfer to page 4)
42 .....................................
Page 3
BALANCE SHEET (See Note 3)
Rs
ASSETS EMPLOYED
Non-current assets
1
Land and building
..................................
Plant and equipment
..................................
Investment properties
..................................
Intangible assets
..................................
Investments in subsidiary companies
..................................
Investments in associated companies
..................................
Other investments
..................................
Non-current receivables
..................................
Deferred tax assets
..................................
10
Others
10 ..................................
11
11 ..................................
Total non-current assets
Current assets
12
Stock of raw materials and unfinished goods
12 ..................................
13
Stock of finished goods
13 ..................................
14
Other stocks
14 ..................................
15
Construction contract work in progress
15 ..................................
16
Trade and other receivables
16 ..................................
17
Marketable securities
17 ..................................
18
Cash in hand and at bank
18 ..................................
19
Others
19 ..................................
20
20 ..................................
Total current assets
Current liabilities
21
Trade and other payables
21 ..................................
22
Current tax liabilities
22 ..................................
23
Borrowings
23 ..................................
24
Provisions for liabilities and charges
24 ..................................
25
Proposed dividends
25 ..................................
26
Others
26 ..................................
27
Total current liabilities
27 ..................................
28
Net current assets
28 ..................................
29
TOTAL
29 ..................................
FINANCED BY
Capital and reserves
30
Share capital
30 ..................................
31
Share premium
31 ..................................
32
Revaluation and other reserves
32 ..................................
33
Retained earnings/loss c/f
33 ..................................
34
Others
34 ..................................
35
Shareholders interest
35 ..................................
Non-current liabilities
36
Borrowings
36 ..................................
37
Deferred tax liabilities
37 ..................................
38
Others
38 ..................................
39
40
39 ..................................
Total non current liabilities
TOTAL
40 ..................................
Page 4
COMPUTATION OF CHARGEABLE INCOME (See note 4)
Rs
Rs
Net profit or loss per Profit and Loss account (Transfer from page 2)
1
Add: Unauthorised deductions
2
Expenditure incurred in the production of exempt income
..................................... 2
3
Transfers to provisions and reserves
..................................... 3
4
Expenditure/loss recoverable under a contract of insurance or indemnity ..................................... 4
5
Income tax or foreign tax
..................................... 5
6
Penalties and fines
..................................... 6
7
Depreciation
..................................... 7
8
Loss on disposal/revaluation of fixed assets including securities
..................................... 8
9
Other non allowable expenditure or loss
..................................... 9
10 Add: Income not included in Profit and Loss account
..................................... 10
11
TOTAL 11
12 Deduct: Dividends receivable from resident companies
..................................... 12
13
Other exempt income
..................................... 13
14
Annual allowance
..................................... 14
15
Investment allowance
..................................... 15
16
Gain on disposal/revaluation of fixed assets including securities
..................................... 16
17
Allowance for disabled employee and emoluments incurred in Rodrigues ..................................... 17
18
Other deductible items
..................................... 18
19
PROFIT/(LOSS) AS ADJUSTED FOR TAX PURPOSES 19
20 Deduct: Losses brought forward from previous year
..................................... 20
21
Less Losses lapsed (after 5 years)
..................................... 21
22
BALANCE 22
23 Add/Deduct: Unrelieved losses transferred on takeover or merger
23
24 Chargeable income/loss carried forward
24
CALCULATION OF TAX (See note 5)
CSR FUND (Not applicable to Trust)
25 Chargeable income of year of assessment 2013 ........................... 34 Tax - 15% on chargeable income
34
(preceding year)
26 CSR amount (2% of amount at line 25)
........................... 35 Alternative Minimum Tax
35
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
....................................
27 Add: Unspent CSR amt b/f from preceding year ........................... 36 Tax payable (higher of amt at line 34 and 35) 36 ....................................
28 CSR Fund (lines 26 + 27)
...........................
29 Deduct: Amt spent in year of assessment 2014 ...........................
30
20% of excess amt c/f from year of assessment 2013 ...........................
31 Balance (line 28 less line 29 less line 30)
...........................
32 Less: CSR amt c/f (amt unspent/paid in excess)
33 CSR balance payable
...........................
...........................
37 CSR balance payable
38 Solidarity Levy on telephony service provider
39 TOTAL TAX (lines 36 + 37 + 38)
37 ....................................
38 ....................................
39 ....................................
40 Deduct: Foreign tax credit
41 Balance after foreign tax credit
40 ....................................
41 ....................................
42 ....................................
42 Deduct: Tax Deducted at Source (TDS)
Amount of tax deducted
TAN of Payer/Socit
Total
43 Deduct: TDS credits for interest
44 Deduct: Tax paid under APS
45
46 Interest on unpaid tax
47 Penalty: LSR
LPT
48 TAX PAYABLE/(TAX PAID IN EXCESS)
FSRE
TAX PAYABLE
43 ....................................
44 ....................................
45 ....................................
Total penalty
46 ....................................
47 ....................................
48 ....................................
