MIRA Reports Significant Recovery of Unpaid Dues Totaling MVR 3.76 Billion

The Maldives Inland Revenue Authority (MIRA) recovered MVR 3.76 billion in unpaid dues in 2024, reflecting its ongoing efforts to improve enforcement and ensure state revenue is collected effectively.

According to MIRA’s annual report for 2024, the recovered amount included outstanding taxes, rents, and various government fees.

During the year, MIRA issued tax filing notices to 52,158 individuals and businesses. However, only 4,311 complied. Despite the low response rate, the notices led to the recovery of MVR 2.74 billion.

To further support revenue collection, MIRA implemented several enforcement actions. These included clearing overdue payments, publicly disclosing the names of defaulters, freezing bank accounts, and pursuing legal action. The largest recovery came from dues clearance, which brought in MVR 625.7 million. Payment reminders sent to 148 parties contributed another MVR 239.9 million.

Additionally, MIRA froze 501 bank accounts, which helped recover MVR 109.4 million. The authority also arranged installment plans for 1,029 individuals to facilitate repayment of their outstanding dues.

In total, MIRA collected MVR 28.1 billion in 2024. This included MVR 22.77 billion in tax revenue—9.7 percent higher than projected—and MVR 5.33 billion in non-tax revenue, which exceeded expectations by 38.5 percent.