The Maldives Inland Revenue Authority (MIRA) has collected MVR 639 million in taxes and other revenue, according to the agency’s second-quarter report.
Of this, MVR 515 million was recovered through repeated calls and requests over the past six months. An additional MVR 93 million was cleared through tax settlements, while MVR 21 million was retrieved by freezing bank accounts. MIRA also managed to collect MVR 12 million in overdue payments.
Despite these collections, the total tax and rent receivable stands at MVR 10 billion, which includes MVR 5.5 billion in taxes and MVR 4.3 billion in tourism lease rents, highlighting a substantial gap in outstanding payments.
MIRA’s report also noted that 83 audits were conducted over the last six months, focusing on suspicious transactions. The breakdown includes 14 audits related to Business Profit Tax (BPT), 10 on Goods and Services Tax (GST), 17 on Tourism Goods and Services Tax (TGST), 37 on income tax, and five on green tax. These audits revealed that the state is owed an additional MVR 93 million.
MIRA also reported that 10,796 tax returns have not been filed, with 8,947 individuals identified as tax evaders.
To aid tax defaulters, MIRA is offering instalment plans, with current arrangements totalling MVR 364 million benefitting 162 recipients.