For most businesses in Mauritius, the financial year ends on 30 June. It's the default accounting year-end, it aligns with the national budget cycle, and it sets the clock for your tax filing. Whether you're a sole trader or running a company, the weeks around year-end are when good record-keeping pays off — or where neglected books come back to bite.
This checklist takes you through what to do before 30 June, what to close off at year-end, and what comes after so you start the new year clean and file on time.
Why 30 June matters
- It's the standard accounting year-end for most Mauritian businesses.
- It anchors your tax filing deadline — companies with a 30 June year-end generally file their corporate income tax return within six months, i.e. by 31 December.
- It aligns with the national budget (presented in June), so any tax changes announced often take effect from the start of the new financial year on 1 July.
If your business uses a different accounting date, the same checklist applies — just shift the dates. The six-month filing rule keys off your year-end.
Before 30 June — get ahead of the close
- Chase outstanding invoices. Collect what you can before year-end so your receivables are clean and your cash position is real.
- Settle or record supplier bills. Make sure all expenses for the year are captured, even unpaid ones (accruals).
- Review stock/inventory and plan a count for 30 June if you hold goods.
- Bring bookkeeping up to date. Don't leave 12 months of receipts for the last week. If you're behind, see our guide to accounting software for Mauritius businesses.
- Make planned purchases that are genuinely needed — capital items bought before year-end fall into this year's accounts.
- Check your VAT position. With the threshold now at Rs 3 million, confirm whether you've crossed it on a rolling basis — see the VAT threshold change explained.
At year-end — closing the books on 30 June
- Reconcile every bank and cash account to statements.
- Reconcile the VAT account if you're registered, and your PAYE/NPS/CSG payroll accounts.
- Count and value inventory as at 30 June.
- Write off bad debts that genuinely won't be collected.
- Record depreciation on fixed assets.
- Account for prepayments and accruals so income and expenses land in the right year.
- Lock the period in your accounting software so prior figures can't drift.
After year-end — reporting and filing
- Produce your financial statements (profit & loss, balance sheet).
- Calculate taxable profit and any tax due.
- File your annual return with the relevant authorities and your income tax return with the MRA within the deadline (six months after year-end for most companies — by 31 December for a 30 June year-end).
- Pay any tax due by the deadline to avoid penalties and interest.
- Keep records for the retention period required by the MRA — don't discard supporting documents.
For the precise dates that apply to your structure, use our tax filing deadlines guide and the month-by-month business compliance calendar.
Don't forget the non-tax obligations
Year-end is also a natural checkpoint for the rest of your compliance:
- Trade Fee / licence renewals — check the dates that apply to your activity in the annual business fees guide.
- Statutory filings with the Registrar (for companies).
- Payroll year-end — reconcile PAYE, NPS, and CSG.
Turn year-end into a planning moment
Closing the books isn't just compliance — it's the one time a year you see the whole picture. Use it to:
- Compare this year to last and spot what's actually driving profit.
- Review pricing ahead of the new financial year (especially with any Budget changes from 1 July).
- Decide whether your structure still fits — see sole trader vs company if you've outgrown your current setup.
FAQ
Do I have to use a 30 June year-end?
It's the default and the most common, but companies can apply a different accounting date. Whatever date you use, your filing deadline is measured from it.
When is my tax return due if my year ends 30 June?
Most companies file within six months — by 31 December. Self-employed individuals follow the individual return timeline. Confirm specifics in our filing deadlines guide.
I'm months behind on bookkeeping. What should I do?
Start now and prioritise bank reconciliations. If the backlog is large, an accountant can catch you up faster than you can alone — browse the accountants directory.
This is my first year-end. Is anything different?
Yes — first-year obligations have a few quirks. See the first-year business tax guide.
Close clean, start strong
A tidy year-end means an easy, penalty-free filing season and a clear view of where your business stands. If you'd rather hand the close to a professional, find an accountant in our directory — or if you're formalising a business before the new financial year, see how we help you register for Rs 5,000.