Only 50 of 185 resorts pay income tax: Governor

1 day ago

The Maldives Inland Revenue Authority (MIRA) should not limit audits to small businesses and street shops but should also scrutinise the accounts of tourism businesses, Maldives Monetary Authority (MMA) Governor Ahmed Munawar said on Tuesday. Speaking at Parliament's Budget Committee, Munawar said MIRA carries significant responsibility in collecting Business Profit Tax and ensuring tax compliance across sectors. According to Munawar, information shared