MIRA Recovers USD 35 Million in Outstanding Tax Dues Within Single Month

The Maldives Inland Revenue Authority (MIRA) has recovered approximately USD 35.2 million in outstanding taxes and non-tax payments in a single month, marking a significant victory for the state's revenue enforcement efforts. According to official figures released by the authority, the recovery was driven by a diversified collection strategy. Formal notices sent to defaulting taxpayers proved the most effective tool, generating roughly USD 24.1 million. Dues clearance programs contributed another USD 6.2 million, while flexible installment agreements for taxpayers unable to settle full liabilities immediately brought in approximately USD 4.2 million. Smaller-scale interventions also yielded results, with reminder phone calls recovering USD 324,000 and specific action policy measures generating roughly USD 259,000. These figures underscore a shift toward a more aggressive compliance framework aimed at securing critical state funding. This surge in recovery comes as the government intensifies its focus on revenue collection. MIRA has signaled a strengthened approach to enforcement over recent months, emphasizing that both individuals and businesses must adhere to their fiscal responsibilities to ensure the stability of public services. As part of this transparency drive, MIRA recently took the unprecedented step of publicly listing 48 individuals and entities that failed to file their income tax returns by the December 2024 deadline. This public disclosure is part of a broader policy to hold non-compliant taxpayers accountable through transparency. The successful recovery of over USD 35 million reflects the authority's evolving ability to leverage multiple administrative tools—from diplomatic reminders to public naming—to ensure the Maldivian treasury is adequately funded.