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Arrangements to deduct government debt from taxes payable to MIRA
The Ministry of Finance announced that arrangements are in place allowing money owed to parties by state institutions to be set off against taxes payable to MIRA, with special rules for MSMEs. President Dr. Mohamed Muizzu had announced the mechanism last December after SME owners complained about delayed government payments while MIRA collected taxes.
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Other events named
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The President made the decision to establish the set-off mechanism after business owners raised complaints during a meeting with small and medium enterprise owners.the Social CentreThe EditionThe President made that decision after several business owners raised complaints during a meeting held with small and medium enterprise owners at the Social Centre, stating that while payments due from government projects were delayed, MIRA was taking action to collect taxes owed to the authority.
Word for word from the report in The Edition. Open the report