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MIRA introduces new regulation allowing businesses to settle taxes using unpaid government and SOE payments

The Maldives Inland Revenue Authority (MIRA) has introduced a new regulation allowing businesses and individuals to offset outstanding tax liabilities against payments owed to them by government institutions and state-owned enterprises. Applications are submitted via the MIRAconnect portal or email, with verification handled by the Ministry of Finance or the respective SOEs, and the offset takes effect only once funds are transferred to MIRA.

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