Tax Policy changes for high income earners

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There has been a change brought to the tax policy for all citizens who earn an income of more than MVR50 million annually.

According to the Maldives Inland Revenue Authority (MIRA), Taxpayers can now carry out the tax paying process via MIRAconnect or MRTGS. BTP, GST and Withholding tax can now be paid through MIRAconnect or MRTGS.

MIRA is expanding its payment methods via its online portal in order to make the facilities feasible for taxpayers.

President Ibrahim Solih had previously confirmed plans of introducing a progressive income tax system in the Maldives in the year 2020. Further details about this initiative can be found here.

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