The Maldives Inland Revenue Authority (MIRA) reported the recovery of MVR 639 million in outstanding taxes during the first quarter of this year. The data indicates a focused effort to address tax collection and compliance among taxpayers.
MIRA revealed that MVR 515 million was generated through repeated calls for outstanding payments. Additionally, MVR 93 million was recovered from debt clearances, while MVR 21 million was retrieved from account freezing measures. The agency also reported MVR 12 million recovered as overdue payments and MVR 135,000 from reminders sent to taxpayers. Furthermore, MVR 10,000 was collected through court proceedings.
Despite these efforts, the MIRA stated that the state still faces a significant tax liability, amounting to MVR 5.5 billion in unpaid taxes and MVR 4.3 billion in resort rentals. Currently, there are approximately 8,947 tax evaders identified.
MIRA's commitment to enhancing tax compliance reflects the government's ongoing strategy to bolster revenue streams and ensure financial stability in the Maldives.
MIRA revealed that MVR 515 million was generated through repeated calls for outstanding payments. Additionally, MVR 93 million was recovered from debt clearances, while MVR 21 million was retrieved from account freezing measures. The agency also reported MVR 12 million recovered as overdue payments and MVR 135,000 from reminders sent to taxpayers. Furthermore, MVR 10,000 was collected through court proceedings.
Despite these efforts, the MIRA stated that the state still faces a significant tax liability, amounting to MVR 5.5 billion in unpaid taxes and MVR 4.3 billion in resort rentals. Currently, there are approximately 8,947 tax evaders identified.
MIRA's commitment to enhancing tax compliance reflects the government's ongoing strategy to bolster revenue streams and ensure financial stability in the Maldives.
