Maldives Will Not Default on Sukuk: Finance Minister
The Maldives will not default on the US$25 million coupon payment for the Sukuk, Minister of Finance Mohamed Shafeeq has…
Maldives’ Usable Reserves Plummet Below Monthly Import Overhead
The Maldives’ usable reserves this month have fallen to US$66.9 million; a decline of US$6.2 million over the previous US$73.1…
June 2024 Revenue Lower Than Projected But Higher Than June 2023
The Maldives Inland Revenue Authority (MIRA) reported a 28.8 percent decline in revenue over the last month. The figures released…
MIRA Freezes 285 Bank Accounts, Recovers MVR 90 Million in Unpaid Taxes
The Maldives Inland Revenue Authority (MIRA) has frozen the bank accounts of more than 200 persons and entities for non-payment…
May 2024 Revenue Lower Than in 2023, Higher Than Projected: MIRA
There was a 4.8 percent drop in state revenue in May 2024 compared to the same period last year, data…
Civil Court Orders GoAir to Pay US$3.6 Million in Outstanding Fees, Taxes
The Maldives’ Civil Court has ordered GoAir to pay US$3.6 million (MVR 55.51 million) to the Maldives Inland Revenue Authority…
MIRA Recovers Over MVR 797 Million in Unpaid Taxes in 2024 Q1
The Maldives Inland Revenue Authority (MIRA) has collected MVR 797.8 million in outstanding fees and taxes within the first quarter…
Government Appeals Civil Court Ruling on GST Payment for Dharumavantha Hospital
The government has challenged a Civil Court decision at the High Court, which mandates the government to settle Goods and…
State Revenue up 34.4% in March
State revenue increased by 34.4 percent in March compared to the same period last year, according to the Maldives Inland…
State Revenue Hits MVR 2.33 Billion in February, Outpaces 2023 Collections and 2024 Projections
The state received MVR 2.33 billion in revenue last month, according to data released by the Maldives Inland Revenue Authority…
