MIRA Enforcement Collections Rise 25% in February, Reach MVR 666 Million

Tax enforcement collections by the Maldives Inland Revenue Authority (MIRA) rose by about 25 percent in February compared to January, according to the authority’s latest monthly revenue reports.

The reports show that MIRA collected MVR 666 million through enforcement actions in February, up from MVR 532 million in January, an increase of MVR 134 million.

Enforced collections include payments secured through measures such as reminder notices, instalment plans, dues clearance and account freezing policies.

In February, the largest portion of enforcement collections came from dues clearance, which accounted for MVR 156 million, followed by MVR 61 million through instalment plans and MVR 34 million recovered through reminder calls and emails. A further MVR 11 million was collected under MIRA’s action policy, while MVR 5 million was recovered through account freezing measures.

The enforcement collections also included payments relating to past tax deadlines.

Overall, MIRA reported that MVR 2.80 billion was collected in total state revenue in February, representing a 0.8 percent decrease compared to February last year and 11.6 percent below the forecast for the month.

The report also indicated that 19 percent of February’s revenue came from payments made after tax deadlines, highlighting the role of overdue tax payments in overall revenue collection.

In January, MIRA collected MVR 4.45 billion in total revenue, with enforcement collections amounting to MVR 532 million during the month.