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Establish a mechanism allowing outstanding state payments to be deducted directly from tax obligations
KeptMedium impact
Where it stands todayMinistry of Finance established a system letting businesses offset government-owed receivables against taxes payable to MIRA.Since 2 November 2026 · based on an article by One Online
The story so far
Newest first
KeptNowPromised → KeptAdded automatically
Ministry of Finance established a system letting businesses offset government-owed receivables against taxes payable to MIRA.
Why it counts as kept: The article reports the mechanism has been established and is now usable by submitting offset requests to MIRA.
Exact words from the article
“The Ministry of Finance has established a system allowing funds owed by state institutions or state-owned enterprises to be offset against taxes payable to the Maldives Inland Revenue Authority (MIRA).”
MVR 50,000 Example: tax balance payable after set-off when government owes less than tax owedMVR 50,000 Example: amount payable to business after set-off when government owes more than tax owed
Exact words from the article
“Following those complaints, Muizzu announced that the government would establish a mechanism to allow outstanding state payments to be deducted directly from tax obligations.”
