A digest of news and opinion from the Maldives.
As the measures undertaken to tackle COVID-19 have been relaxed, MIRA is set to resume counter services from 5 July 2020 onwards. The following summarizes changes to the deadlines that fell due during the period of lockdown and the manner of provision of services, as means to providing taxpayers with adequate time to fulfil their […]
MVR 17,000 as salary for Chairperson of MIRA’s Director Board, MVR 16,000 for Deputy chairperson and MVR 15,000 for its members, has been approved by the People’s Majlis. Peoples Majlis approved this with reference to the report which was researched and submitted to Majlis by the Public Accounts Committee, stating the changes in payments. Public […]
Maldives Inland Revenue Authority (MIRA) will be conducting a special program to assist local small and medium-sized businesses in preparing Business Profit Tax (BPT) reports. MIRA said that assistance will be provided for preparing BPT reports and financial statements of the previous fiscal year. The authority has opened the special program to SMEs registering revenue […]
Maldives Inland Revenue Authority (MIRA) has revealed that the state revenue in March month has fallen by 26.9% in comparison to last year’s March month revenue. MIRA has stated that in the month of March the state has earned MVR 1.1 billion as revenue, and USD 49.2 million as dollar revenue. MIRA has highlighted that […]
Maldives Inland Revenue Authority (MIRA) has announced that they will be opening their office on the 13th, 14th, and 16th of April. In a press statement released by the authority, they have stated that this is in regard to the President’s instructions to provide essential services with minimum employees necessary to carry out the essential […]
Maldives Inland Revenue Authority (MIRA) has announced several eases to policies to accommodate tax instalments. In a press statement, MIRA has stated they have extended the instalment tax paying period to 3 months. The announcement further added that the authority will allow taxpayers to get into an instalment agreement even if they pay a smaller […]
Maldives Inland Revenue Authority (MIRA) has advised foreign parties conducting business in the Maldives to register with the entity. In a circular issued by MIRA, it was stated that it has been brought to the organization’s concern that some foreign parties that are liable to register with MIRA under the Maldivian tax laws, have been […]
In the first 3 quarters of 2017, over USD 2.07 billion has been recorded as tourism receipts. This is 2.8% more than the tourism earning for the same period of 2016. In 2016, USD 2.01 billion was received from January to October. The tourism receipts are calculated based on the Goods and Services Tax (GST) […]
Maldives Inland Revenue Authority (MIRA) collected a total revenue of MVR 989.7 million form tax earnings in September 2017. This is a 10.4 percent lower collection compared to that of September 2016. However, this is also the second highest collection for the month of September in the history of MIRA. In 2016 September the total […]