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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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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 OnlineThe 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