Standard Bank Mauritius : Holiday Season Payment Processing Schedule 2024-2025
Standard Bank informs its clients of the following payment processing arrangements during the upcoming festive season:
Tuesday 24th December 2024
Due to some offices closing early on 24 December 2024, the cut-off time for foreign currency payments for value date 24 December 2024 will be 11am (Mauritius time).
Wednesday 25th December 2024
25 December 2024 will be a bank holiday in Mauritius. As such, no payments will be processed on 25 December 2024 as our offices will be closed.
Thursday 26th December 2024
26 December 2024 will be a bank holiday in United Kingdom, Euro Countries and South Africa. Hence, no GBP, EUR and ZAR payments will be effected for value date 26 December 2024.
Tuesday 31st December 2024
Due to some offices closing early on 31 December 2024, the cut-off time for foreign currency payments for value date 31 December 2024 will be 11am (Mauritius Time).
Wednesday 01st January 2025 and Thursday 02nd January 2025
01 and 02 January 2025 will be bank holidays in Mauritius. As such, no payments will be processed on 01 and 02 January 2025 as our offices will be closed.
For assistance, clients may contact their Relationship Manager or the Client Services Team:
Operating Hours: Monday to Friday, 09:00-17:00
Telephone: +(230) 402 52 00
Email: clientservices@standardbank.mu
Publication of updated FSC Rules and Guidelines
The Financial Services Commission (FSC) is pleased to announce the publication of the updated version of the following documents on its website:
Insurance (Returns) Rules 2024 – First Schedule
Insurance (Returns) Rules 2024 – Second Schedule
Insurance (Returns) Rules 2024 – Third Schedule
Insurance (Returns) Rules 2024 – Fourth Schedule
Guidelines on Stress Test Requirement for Long Term Insurers
The updated documents can be accessed on the FSC website under the 'Legal Framework' section.
Filing of returns & statements and payment of income tax & VAT
The Mauritius Revenue Authority (MRA) wishes to inform the public that the due date for the submission of returns/statements, and payment of tax, if any, is Friday 27 December, 2024, for the following:
▪ Submission of CPS Statement & Payment of Tax, electronically, for quarter ended 30 September 2024 by
▪ Submission of APS Statement and Payment of Tax by companies for quarter ended 30 September 2024;
▪ Submission of Return and Payment of Tax by companies with accounting year ending in June 2024;
▪ Remittance of Passenger Fee/Passenger Solidarity Levy;
▪ Joint electronic PAYE & CSG/NSF/Levy return and electronic payment of tax withheld for November 2024;
▪ Submission of VAT Return for November 2024 and Payment of Tax, electronically;
▪ Submission of TDS Return for the month of November 2024 and electronic payment of tax deducted; and
▪ VAT Special Levy on Banks whose accounting year ended in July 2024.
2. The due date for submission of annual income tax returns with no tax liability by companies whose accounting
year ended in June 2024 is Wednesday 15 January, 2025.