MIRA introduces tax compliance policy

Maldives Inland Revenue Authority (MIRA) has introduced a policy to improve compliance to tax laws.

According to the national tax agency, the ‘Compliance Improvement’ policy was introduced to promote voluntary compliance by making it easy for taxpayers to fulfill their tax obligations and to deter non-compliance through regulated actions. MIRA hopes to encourage voluntary compliance and to push more taxpayers toward the lower tier of the compliance pyramid through the policy.

MIRA has also introduced a Compliance Improvement Plan for 2021 which focuses on four main activities to improve compliance. This includes providing taxpayer facilitation and assistance in fulfilling income tax obligations, carrying out targeted registration programs for specific sectors, undertaking initiatives to mitigate the negative effects of COVID-19 on tax compliance as well as carrying out compliance interventions to treat risks of year 2018 and 2019.