The Maldives Inland Revenue Authority (MIRA) has recovered MVR 639 million in outstanding tax debt through strong enforcement actions during the last business quarter.
According to the Q2 report released by MIRA, it had collected a total of MVR 639,315,685 through various enforcement actions. This include amounts recovered under:
- Dunning: MVR 514,822,606
- Dues Clearance: MVR 91,874,086
- Account Freezing Policy: MVR 20,549,377
- MIRA Arrears: MVR 11,924,177
- Reminder calls/emails: MVR 135,439
- Legal Action: MVR 10,000
The inland revenue authority also issued final notices to 10,796 non-filers and 8,947 non-complaint payers. MIRA also granted installment plans to 162 taxpayers, who collectively owe MVR 363,819,240.
Despite the significant recovery in Q2, the total arrears as of June 30, 2024 stood at over MVR 10 billion; including MVR 5.5 billion in tax dues and another MVR 4.5 billion in non-tax dues. Additionally, dues owed from state-owned enterprises (SOEs) as of June 30 stood at over MVR 1.6 billion.
During the review quarter, MIRA conducted 83 audits and investigations, which uncovered that state was owed an additional MVR 92.53 million in taxes.