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MP Mohamed Abbas advocates cautious tax increases to protect Maldives tourism

On Tuesday, Velidhoo MP Mohamed Abbas advocated for a balanced strategy regarding the proposed increase in tourism-related taxes in the Maldives, stressing the importance of safeguarding the industry from potential disruptions. Abbas, who serves as vice-president of the Maldives Development Alliance (MDA) led by businessman Ahmed Siyam Mohamed, voiced his views during discussions on the […]

Income tax return deadline extended to accommodate Eid holidays

Maldives Inland Revenue Authority (MIRA) has said that the deadline for filing income tax returns has been extended. In a recent announcement, MIRA said the decision was made to allow individuals and businesses more time to prepare and submit their financial statements for the year 2022, considering the extended Eid holidays falling at the end […]

Withholding Tax and tourism sector GST moves online

The Maldives Inland Revenue Authority has on Monday issued a ruling mandating the online filing and payment of Withholding Tax and tourism sector GST.

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