MIRA

President ratifies new Maldives heritage law

Changes to the tax administration law were also ratified.

Tax authority collects MVR1.5bn in March

Total revenue reached MVR6.1 billion at the end of the first quarter.

Online payment launched for work visa fees

About US$19 million was paid by more than 131,000 people as work visa fees last year.

Maldives tax authority seeks US$20m from GMR

The Indian firm says it is not liable for any taxes due to an arbitration payout over the cancellation of its airport development deal.

Gasim’s Villa Shipping sued to recover MVR75 million

The revenue authority has sued 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 revenue authority has sued Jumhooree Party leader Gasim Ibrahim’s Villa Shipping group for the recovery of unpaid taxes and fines worth MVR75 million (US$4.8 million).

Maldives tax receipts dip in September

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).

Villa slams tax authority over lawsuits to recover US$166m

Villa and its subsidiary companies do not owe any money to the state, the legal team insisted in a statement Monday, accusing the Maldives Inland Revenue Authority of trying to “discredit the companies and damage the businesses”.

Raajje TV admits allegations of fraud against tax commissioner was a mistake

Raajje TV said it made a mistake by publishing allegations of fraud against the tax commissioner, Mohamed Yazeed, who has sued the station for defamation over the report

Tax authority reports fall in revenues for April

Tax receipts fell 19.9 percent below forecasts in April, the Maldives Inland Revenue Authority has said. Some MVR887.3million (US$57.5million) was collected last month.

March revenue falls 8.2% below forecasts

Maldives revenues fell 8.2 percent below forecasts in March because of non-payment of taxes and a drop in tourist arrivals, the Maldives Inland Revenue Authority has said.

Maldives tax receipts soar in February

The tax authority reported an extraordinary increase of 66.1percent in February revenues, off the back of an increase in tourist arrivals in January. Total income reached MVR1.5billion (US$97million).

Government revenue in December falls below forecast

“A 9.7 percent shortfall in revenue collection for December 2015 compared to the projection was observed for Green Tax, tourism sector GST and airport service charge. This is due to the 14.5 percent lower-than-expected tourist arrivals in November 2015,” MIRA explained in its December revenue collection report.

New bill on land sales to close tax loophole

The president’s office explained that under the existing land law, buyers and sellers could agree upon prices without any regulatory controls and evade the 15 percent tax on land sales. The government has submitted amendments to the 2002 Land Act to close the loophole. The changes were proposed after a 1,102 square foot plot of land in Malé was sold last month for MVR1.

Villa workers strike as company struggles to bounce back

A number of Maldivian workers at a Villa Group resort have gone on strike over unpaid service allowances. The company is struggling after months of government imposed sanctions and has announced plans to sell off one of its luxury resorts to get back on track.

Maldivian economy grew by 8.5 percent in 2014, says MMA

MIRA warns of impersonators collecting information from taxpayers

Villa Group unable to pay salaries

Government freezes Villa accounts

Government can suspend services to Villa if frozen accounts are empty

Tourism ministry moves to freeze Villa accounts