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Maldives Targets Resort Tax Evasion with Tough New Measures
The Maldives Inland Revenue Authority (MIRA) has unveiled a Compliance Improvement Plan for 2025-2026 to tackle tax evasion and income underreporting, with resorts and the tourism sector under particular scrutiny. The plan also covers guesthouses, construction and real estate, food service, transportation, professional services, and high-net-worth individuals, alongside measures to register unregistered entities and encourage timely tax payments.