Saturday, 16 May 2015

Get a receipt & sign up for our tax lottery!

Something slightly amusing for you in my travels in the tax world.

In Mauritius, the tax office is running a lottery.  That’s no joke. There are no lottery tickets.

Instead, you submit purchase VAT invoices or receipts purchases online.

The lucky winner gets 50,000 Mauritian rupees (about USD $1450).

Why do this?

It’s to encourage people to ask shops and VAT registered businesses for receipts.  By doing that, the Mauritian tax office can cross-check these receipts with amounts declared in VAT returns.

And so, you reduce the incidence of undeclared VAT and actually bolster the VAT in the coffers.

Talk about genius idea, eh, Mr Balls?

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