A digest of news and opinion from the Maldives.
The total monthly revenue collection by Maldives Inland Revenue Authority (MIRA) for April 2020 inclusive of USD collection was recorded at MVR 527.47 million which is a 59.6% decline compared to April 2019. Photo: MIRA Due to COVID 19 Pandemic, preventive measures were initiated in the Maldives involving closure of the country’s border on 27th […]
The revenue authority is suing Jumhooree Party leader Gasim Ibrahim’s Villa Shipping group for the recovery of unpaid taxes and fines worth MVR75 million (US$4.8 million). The new lawsuit comes as the Maldives Inland Revenue Authority (MIRA) and several Villa Group companies remain entrenched in a lawsuit filed by MIRA to recover more than MVR2.5 […]
Medhufushi Island Resort The Civil Court has ordered Medhufushi Investments to pay the state USD 2.6 million in fines for default of payment in Medhufushi Island Resort’s rent. The court issued a verdict after Maldives Inland Revenue Authority (MIRA) sued Medhufushi Investments to recover the rent and accumulated fines for default in payments as per […]
Maldives Inland Revenue Authority (MIRA) headquarters in the capital Male. PHOTO / MIHAARU The state collected MVR 910 million from the Maldives Inland Revenue Authority (MIRA) in November, statistics publicised by the Institute on Monday revealed. While the state’s tax regulatory body acquired a total of MVR 910 million in November, it had collected USD […]
The original Dhivehi article was published on Avas.mv website on 21st November 2017. The following is a loose translation: GST Threshold to be eliminated Revision to BPT law Measures are to augment revenue To increase revenue, the government has included necessary revisions to the tax system in the next year’s budget. The Financial Minister Ahmed […]
The original Dhivehi article was published on Avas.mv website on 18th October 2017. The following is a loose translation: With every year’s budget, new items are also declared. Specifically as income returns. It has become a recent norm to see a new tax introduced every year. Question is, as a new source of generating income, […]
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 […]
The Maldives tax authority has reported a 10 percent decline in revenue for September 2017 compared to the same period in 2016. The revenue statistics for last month, published on Wednesday by the Maldives Inland Revenue Authority, records a total revenue of MVR989 million (US$64 million). MIRA recorded MVR1 billion in monthly revenue for 2016, […]
Former lawmaker of Kaashidhoo Constituency and owner of Yacht Tours Abdulla Jabir PHOTO:PARLIAMENT The Civil Court has ordered Yacht Tours, the company of former President Mohamed Nasheed’s advisor Abdulla Jabir, to pay USD 3.6 million (over MVR 55 million) to the state. The court issued the verdict after Maldives Inland Revenue Authority (MIRA) sued Yacht […]