The Maldives Inland Revenue Authority (MIRA) has announced that registered taxpayers earning an annual income between MVR 20 and 30 million are required to submit the output tax statement along with the Goods and Services Tax (GST) statement starting 1st January 2017.
In a circular, MIRA announced that registered taxpayers who earn an income between MVR 20 and 30 million are required to submit the output tax statements. The change comes into effect starting 1st January 2017.
The circular further states that the output tax statement and input tax statement starting this period had to be submitted through the ‘MIRA Connect’ online portal. GST statements and output tax statements were first made compulsory in 1st April 2015.
In 2015, the compulsion was on registered taxpayers who earn an income of more than MVR 50 million every year. Starting 1st January 2016, taxpayers earning an annual income between MVR 30 million and 50 million were subject to submit the documents.