Withholding Tax and tourism sector GST moves online
[vc_row][vc_column][vc_column_text]
The Maldives Inland Revenue Authority has on Monday issued a ruling mandating the online filing and payment of Withholding Tax and tourism sector GST.
This ruling makes it mandatory for taxpayers to file their Withholding Tax Returns and tourism sector GST Returns and make related payments to MIRA via MIRAconnect.
The ruling also notes that under Section 17 of the Online Filing and Payment Regulation (Regulation Number 2015/R- 147), the Commissioner General shall have the discretion to make it mandatory for taxpayers who meet the conditions determined by MIRA to file their tax returns via MIRAconnect and to make payments online or via [Maldives Real Time Gross Settlement (MRTGS)], pursuant to a notice issued by the Commissioner General.
It also states that “Notwithstanding paragraph 3 (a) and (b) of the Tax Ruling TR-2015/A3 (Mandatory online filing and payment for large taxpayers), all taxpayers shall file their Withholding Tax Returns (MIRA 301) and their GST Returns for Tourism Goods and Services (MIRA 206) to MIRA via MIRAconnect and make related payments via MIRAconnect or MRTGS, from 1 October 2016 onwards.
“Notwithstanding paragraph 3 of this ruling, the Commissioner General shall have the discretion to accept tax returns filed and payments made otherwise, upon request of the taxpayer.”
The ruling comes to effect as of 29 August 2016.
[/vc_column_text][/vc_column][/vc_row]
Related Posts
Purchasing Power: Ali Shareef, Purchasing Manager, Vakkaru Maldives
[vc_row][vc_column][vc_column_text]Hotelier Maldives speaks with Vakkaru Maldives’ Purchasing Manager Ali Shareef about his take on the industry and his idea of an ideal supplier. Hotelier Maldives: How long have you been in purchasing? Ali Shareef: I’ve been working in purchasing since 2007, and I joined the team at Vakkaru Maldives in August 2017. HM: What do […]
Maldives Institute of Nautical Sciences: Dedicated to building a nation of professional mariners
[vc_row][vc_column][vc_column_text]Maldives is truly blessed as it exists amongst unpolluted seas and lagoons which are among the few of its kind in the world. Maritime shipping and trade here date back to 300 to 400 BC, back to the arrival of the first settlers from Dravidians. With the geographical features of the Maldives, we heavily rely […]
Fisheries decline in July while tourist arrivals stabilise, MMA reports
Total tourist arrivals in July climbed in both monthly and annual terms by 28 percent and 4 percent respectively, totalling 104,517, notes the Maldives Monetary Authority’s Monthly Economic Review.
