Maldives Inland Revenue Authority (MIRA) has announced it will be commencing enforcement actions to recover billions in accumulated dues owed to the state.
In a statement on Thursday, MIRA said that the accumulated dues owed to the state as of December 31, 2021, stood at MVR 16 billion.
MIRA, which had previously allowed leniency in light of the Covid-19 pandemic, said it will commence enforcement actions to recover the dues starting April.
“After 2 years of leniency due to the Covid-19 pandemic, MIRA will be commencing enforcement actions to recover these dues from April 1, 2022,” said the authority.
According to MIRA, the MVR 16 billion in dues include MVR 5.3 billion in tax dues and MVR 10.6 billion in non-tax dues.
The Covid-19 pandemic had hit the Maldivian business sector hard, prompting the state to suspend enforcement actions to recover dues in order to support businesses and promote economic activity.
Maldives lifted the state of public health emergency invoked in light of the pandemic following a drop in cases earlier March. The Maldivian economy is showing signs of improvement.