Vice President Abdulla Jihad has assured the administration will continue to work towards compiling double tax avoidance agreements, as part of the administration's economic policies and to encourage more foreign investments. Vice President Jihad made the remark while addressing the function held at Dharubaaruge convention centre to celebrate the 8th anniversary of Maldives Inland Revenue Authority (MIRA).
The administration was putting in every effort to overcome the challenges being faced in strengthening the taxation system and reforming taxation policies within the recommendations of MIRA, the vice president stated speaking at the function. Continuing on, the vice president highlighted the importance of providing ease for small and medium enterprises for the growth of new enterprises in the Maldivian economy. In this regard, the vice president stated the reason behind the peace and harmony in the most developed countries is the robust taxation policies and system, and providing tax benefits to the common people.
Highlighting the success of the open economy policy implemented by the administration, the vice president noted that it attracts mega foreign investments to the Maldives and speeds up the growth of the Maldivian economy. He also conveyed his appreciation to President Abdulla Yameen Abdul Gayoom for his visionary steps taken towards transforming the country's economy.
Concluding the speech, the vice president called upon all MIRA employees to continue to uphold the integrity and always be honest in performing the responsibilities. In addition, he called upon all taxpayers to be vigilant in fulfilling the constitutional duty.
During the function, the vice president awarded the "Ran Laari" award to the recipients. The ''Ran Laari'' award is given in recognition of the highest taxpayers and those who pay tax consistently.