A digest of news and opinion from the Maldives.
Ooredoo Maldives has signed an agreement with Maldives Inland Revenue Authority (MIRA) allowing customers to make payments conveniently via m-Faisaa. Through Ooredoo’s digital payment solution, customers can now easily process cashless payments to MIRA for instant settlements and get real-time status updates via the portal. Both individuals and companies can now pay their vehicle, vessel, […]
Maldives Inland Revenue Authority (MIRA) has revealed that the total revenue collection for the month of September was MVR 843.04 million or USD 6.74 million. This is a decrease of 30.9% compared to September 2019. The biggest contributor to the month’s revenue was income tax (45.7%). This is followed by GST (25.8%), Business Profit Tax […]
Maldives Inland Revenue Authority (MIRA) has launched “Nukuraanama Unikuramaa” campaign, aimed to deregister businesses which are not currently undertaking any business activities and to identify and deregister business that meets the criteria for Goods and Services Tax (GST) deregistration. From businesses registered for GST at MIRA, majority submitted GST nil return while some did not […]
Dhiraagu the leading digital service provider in the Maldives has signed an agreement with Maldives Inland Revenue Authority (MIRA) allowing customers to make payments conveniently via DhiraaguPay. As part of the company’s drive to contribute towards a cashless economy, the payment partner agreement was signed at a ceremony held today at MIRA together with Dhiraagu’s […]
Revenue generated by the Maldives Inland Revenue Authority (MIRA) has decreased by 69.6% for the month of July. According to the Income Report published by MIRA, the total income generated by the authority in the month of July is MVR 656 million. This amount is a 69.6% decrease when compared to the amount of income […]
Maldives Inland Revenue Authority (MIRA) stated that the authority has obtained MVR 2 million by freezing numerous bank accounts. This act was part was the efforts, executed to recover government assets. The quarterly report for the first quarter of 2020 published by MIRA states that the authority has acquired MVR 169.3 million from payments that […]
Maldives Inland Revenue Authority (MIRA) stated that the government revenue for the first quarter (Q1) of 2020 has decreased by 11.5%. Statistics of government revenue published by MIRA for the months of January-March record an income of MVR4.35 Billion. This is an 11.5% decrease compared to the amount generated in the first quarter of 2019. […]
Maldives Inland Revenue Authority (MIRA) has revealed a record of 83% decrease in the revenue which has been collected last June in comparison to June of last year, 2019. Statistics published by MIRA has revealed the authority recorded an income of USD 17.9 million as revenue in June 2020. The tax administrating body of MIRA […]
Supreme Court decision in the matter of Moosa Naseer v MIRA is a watershed decision that has identified a significant gap between administrative prudence and legal permissibility. Court’s Findings It is undisputed that the Tax Admin Act clothes MIRA with collection and enforcement power over tax and related fees. In initiating court action against Mr Moosa […]