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Government introduces tax offset scheme for unpaid business bills

The Ministry of Finance and Public Enterprises has introduced a mechanism allowing businesses to offset taxes payable to MIRA against outstanding payments owed to them by Government institutions or State-owned companies. Under the scheme, MSMEs can apply to MIRA to offset tax liabilities against unpaid bills, with any balance settled in either direction.

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Sources 1carried it 1 of 19 news outlets we monitor

One outlet so far Only One Online has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

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  • The Ministry of Finance and Public Enterprises introduced a mechanism allowing businesses to offset taxes payable to MIRA against outstanding payments owed to them by Government institutions or State-owned companies. One Online The Ministry of Finance and Public Enterprises has introduced a mechanism allowing businesses to offset taxes payable to the Maldives Inland Revenue Authority (MIRA) against outstanding payments owed to them by Government institutions or State-owned companies.

    Word for word from the report in One Online. Open the report

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