Output Tax Statement Now Compulsory for 20-30million Rufiyaa Annual Turnover – MIRA

Maldives Inland Revenue Authority (MIRA) has announced that beginning from 1st January 2017, all GST registered persons and entities with an annual turnover between 20 and 30 million rufiyaa are required to file an Output Tax Statement with their GST returns.

In a circular released last week, MIRA specified that all eligible businesses and persons should file their Input Tax Statements and Output Tax Statements via the “MIRAconnect” online portal.

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Previously, Output Tax Statements were only compulsory for entities or persons with annual earnings above 50 million rufiyaa, later amended to include the 30-50 million profit bracket as well.

Additional information is available at the MIRA website, and through the MIRA hotline at 1415.

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