The national tax agency, Maldives Inland Revenue Authority (MIRA) will begin efforts to increase tax compliancy from targeted industries. The decision was taken as part of the authority’s 2025-2026 Compliance Improvement Plan, published every two years.
The plan for next the next two years targets included activities on maintaining an accurate and complete registry of taxpayers, increasing filing before deadline, ensuring the completeness of filed returns, increasing payments by deadline, and reporting accurate tax amounts. The plan also takes into account the risks associated with tax payments from certain industries and actions that can be taken to address these risks.
The targeted efforts will include registration plans for certain sectors and serial awareness programs, and issuing reminders regarding deadlines. The regular monitoring of taxpayers’ compliance with tax obligations, strengthening enforcement mechanisms to enhance recovery of outstanding dues and taking measures to identify tax violations are also part of these plans.