Circular on Filing of interim return and making interim payments

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On 17 August 2020, the Maldives Inland Revenue Authority (MIRA) published a circular requiring certain taxpayers to file their interim return, and make interim payments via MIRAconnect or the Maldives Real Time Gross Settlement (MRTGS).

 
Filing Interim Returns via MIRAconnect

Enterprises registered under the Income Tax Act1 with an annual turnover of MVR 10 million or more are required to file their interim return via MIRAconnect.

 
Interim Payments

Enterprises with an annual turnover of MVR 30 million or more are required to make their interim payments via MIRAconnect or the MRTGS.

 
All Registered Enterprises Encouraged to File and Pay Tax via MIRAconnect

The MIRA advises all registered enterprises to fulfil all their tax obligations via MIRAconnect, regardless of whether online fulfilment of the obligation is mandatory.

 

References

1 Law Number 25/2019.