A digest of news and opinion from the Maldives.
Maldives Inland Revenue Authorities (MIRA) advises caution to upcoming tax deadlines for taxpayers in the midst of rising COVID-19 positive cases. MIRA mentions that the last week of this January contains numerous tax-related deadlines including paying GST and Income tax. January 28, 2021, is the last day to sort out and pay the GST of […]
Maldives Inland Revenue Authority (MIRA) has publicized an updated version of their Taxpayers’ Charter document. The Taxpayers’ Charter is an instructional document targeted to taxpayers as well as other parties concerned with MIRA. The aim of the charter is to aid those receiving services from MIRA in addition to these individuals helping MIRA in return […]
Maldives Inland Revenue Authority (MIRA) has introduced its Compliance Risk Management Policy and the Compliance Improvement Plan for 2021. MIRA states that the policy was introduced to ease the tax obligations for taxpayers, promote ‘voluntary compliance’ of tax guidelines, and reduce ‘non-compliance’ to tax laws and policies. The policy outlines that in the future, MIRA […]
Maldives Inland Revenue Authority (MIRA) has collected MVR 10.5 billion as revenue for last year from January to December 2020. This is 37.7% lower than the amount collected in the year 2019. The majority of the revenue collected in 2020 comprises of GST contributed, with 41.1% (MVR 4.31 Billion) of the total revenue. It is […]
Maldives Inland Revenue Authority (MIRA) has officially opened a collection centre in M. Muli. In a special ceremony held yesterday, the collection centre was opened by the President of Mulaku Atoll Council, Sheikh Yoosuf Sidghee. MIRA states that the Muli collection centre is a significant step taken by the authority, as part of its efforts […]
In a circular released by Maldives Inland Revenue Authority (MIRA) on Monday, it has been announced that revisions have been made to GST returns. The General Sector GST Return (MIRA 205) and the Tourism Sector GST Return (MIRA 206) required to be filed under the Goods and Service Tax Act (Law Number 10/2011) have been […]
Maldives Inland Revenue Authority (MIRA) has established the Criminal Procedures Regulation to assist the investigations of tax-related cases. The Criminal Procedures Regulation ratified on 16th November state that the investigation of the cases can be carried out by MIRA or through relevant authorities such as the Prosecutor General’s Office. It also states that a Court […]
The dollar revenue of the month of October for Maldives Inland Revenue Authority (MIRA) has decreased considerably compared to the previous month. Statistics published by MIRA on last Monday reveal that the authority earned USD 4.68 million. This is a reduction of USD 2.06 million in comparison of the month of September where the authority […]
Maldives Inland Revenue Authority (MIRA) has announced that MVR 390.57 million was collected as tax revenue during the month of October. The largest contribution to tax revenue in October came from Goods and Services Tax (GST). MIRA collected MVR 247 million as GST, which made for 63.3 per cent of the total revenue. The second-largest […]