The government has created a mechanism letting businesses offset taxes they owe by deducting debts owed to them by state bodies, but the offset is only finalised once the government agency or state company transfers the money to MIRA. President Mohamed Muizzu, who had set six earlier deadlines to clear government debts to businesses that were not met, first announced the mechanism at a gathering last Saturday.
One outlet so far Only Adhadhu (English) has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Parties undertaking various government projects face challenges due to delays in receiving payments. We believe this is an inconsistency that must be addressed. Many in the SME sector have brought these difficulties to our attention
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
President Mohamed Muizzu first announced the introduction of a tax offset mechanism for businesses during a gathering held last Saturday.
Word for word from the report in Adhadhu (English). Open the report
