The Maldives Inland Revenue Authority (MIRA) has publicly disclosed a list of 213 companies that have not fulfilled their tax obligations and have failed to submit their financial statements.
MIRA has unveiled two separate lists, revealing the names of 179 companies that missed the deadline for filing their tax returns and identifying 34 companies that have evaded tax payments altogether.
It’s noteworthy that even among the companies that did file their tax returns, some have not made their due tax payments. The roster of non-tax-paying entities encompasses both those who failed to pay taxes after submitting their statements and those whose outstanding dues exceed MVR 100,000. These dues comprise taxes such as TGST, green tax, and GST.
Moreover, MIRA’s list of entities in arrears also extends to companies that have defaulted on resort rent payments. Some entities have neglected their tax obligations between October of the previous year and March of the current year.
According to the most recent data from MIRA, there is an outstanding MVR 7.5 billion in unpaid taxes and rent. Of this sum, MVR 1.8 billion is owed in GST and MVR 876 million in TGST, with an additional MVR 2.9 billion pertaining to resort rent.
Information about these delinquent companies will be published in the gazette after it is available on MIRA’s website.