Hiring employees is one of the crucial aspects of running a business. The most important aspect of employment is payroll. In Mauritius, this implies setting up a system in which workers are enrolled, followed by the collection and payment of specific taxes.
If you want to know how payroll in Mauritius works, our specialists are at your service with information and solutions. You can also rely on us for support in opening Mauritius bank accounts for your employees.
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The goal of the payroll system in Mauritius is to coordinate employee compensation in accordance with:
Payroll in Mauritius implies HR and payroll management. The relationship between the company and the employee is formalized through the employment contract.
In Mauritius, payroll implies the issuance of a specific document whose requirements must be met. It must contain the employee’s salary. Both the employer’s Registration Number (BRN), the NPF number, Tax Account Number (TAN), and address, as well as the employee’s full name, local address, and TAN must be included. It must also clearly state how the employee’s compensation is determined.
If you are interested in immigration to Mauritius for the purpose of employment, do not hesitate to get in touch with us for support in getting a residence and work permit.
An important component of the Mauritius payroll is social security contributions. These are divided between employers and employees.
Here is how they are divided:
Total employment cost for employers ranges from 1% to 12.5%, while for employees it represents between 1% and 4.5%.
The reason why social contributions have different percentages is because of the personal income tax that applies progressively, as follows:
Only the income earned in Mauritius is taxed for non-residents. For tax purposes, expatriates residing in Mauritius are deemed residents if their primary residence is there, they spend more than 183 days there during the tax year, or if they spend a total of 270 days there throughout the tax year and 2 years before it. The Mauritius Revenue Authority is in charge of collecting taxes in Mauritius, and tax returns must be filed annually by September 30.
If you need information about the computation of these taxes, you can address our accountants in Mauritius.
Our agents are also specialized in company incorporation in Mauritius, in case you need these types of services too.
If you are interested in hiring employees in Mauritius, our local consultants are at your disposal with support in employment and payroll. This can imply the computation of the aforementioned taxes, their withholding, generation of pay checks, and salary deposits in employees’ accounts.
Apart from these, we are also at your disposal with company formation solutions in Mauritius.
Do not hesitate to contact us if you need support in payroll in Mauritius.
