Income Tax | Atoll Times

Income Tax

PNC MPs call for review of proposed tourism tax hikes

Several PNC members spoke out against the proposed tax increases during a committee meeting held Wednesday.

23 October 2024

Maldives tightens rules for freezing accounts of tax defaulters

Previously, accounts could be frozen if payments were not made within 60 days of receiving a notice.

20 October 2024

Revenue in June falls short of forecasts

MIRA says that even though the revenue for June was lower than expected, it still was 26.8% higher than the same period last year.

Revenue in March exceeds estimate by 26%

The MIRA said revenue increased more than expected last month due to higher income tax and GST paid by banks.

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Maldives' tax revenue in Feb exceeds forecasts by 22.3 percent

Last month, MIRA’s dollar receipts stood at USD 100.34 million.

Muizz says won't change existing taxes, rates

Muizz's vision is to limit the opportunities available to state-owned companies while increasing the opportunities for small businesses.

Income tax deadline extended

Taxes accepted by MIRA can be easily paid anywhere, anytime through MIRAConnect.

2.4b recovered from tax evaders

According to the MIRA's annual report released on Friday, 20,295 notices of various types were issued to tax defaulters last year.