The Maldives Inland Revenue Authority (MIRA) has collected MVR 97.74 million through its installment policy, which has been in effect since 2022 to ease payments for parties with outstanding dues to the authority.
According to October revenue figures released by MIRA, MVR 448 million of the total outstanding dues owed to the authority was recovered through enforcement measures.
Presenting the Auditor General’s Office’s recommendations to the parliamentary committee reviewing the proposed state budget for the upcoming year, Auditor General Hussain Niyazy noted that a large portion of taxes and other revenues owed to MIRA remains uncollected. As the amount of uncollected dues continues to increase year-on-year, the Audit Office advised taking stronger measures to address the issue.
MIRA’s figures show that the largest share of funds recovered through enforcement actions this year came from dunning—issuing notices, sending reminders, and urging payment—which brought in MVR 171.07 million.
While MVR 161.22 million was paid by various parties utilizing opportunities provided to settle overdue amounts, MIRA collected MVR 97.74 million through installment agreements arranged to allow payments in accordance with structured plans.
In addition, MVR 9.81 million was recovered by freezing bank accounts, while MIRA collected MVR 8.10 million through payment reminder phone calls and emails. The authority also recovered an additional MVR 0.39 million through operational policies.
To resolve challenges in collecting taxes owed to the state, the government has submitted key amendments to Parliament for the Tax Administration Act, the Income Tax Act, and the Goods and Services Tax (GST) Act. Both the central bank and the Audit Office have advised the government to expedite the implementation of these amendments.
