Tax audits conducted by the Maldives Inland Revenue Authority (MIRA) loom over virtually every business operating in the Maldives. The Examination of your accounts and financial affairs tends to be a time-consuming and arduous process which may remove you from focusing on the day to day management of your business. As with any process, the first step is knowing what to expect.
Our guide on “Managing Tax Audits” is intended to give an overview of the tax audit process and highlights what needs to be kept in mind during an audit. The guide informs you on what to expect from the beginning to the conclusion of the audit process and sheds light on what avenues are available to you following the conclusion of the audit.