MIRA lists 42 companies for not filing income tax returns for 2023

Oct 1, 2024, 6:05 AM
MIRA lists 42 companies for not filing income tax returns for 2023

The Maldives Inland Revenue Authority (MIRA) has publicized the names of 42 companies and individuals who have not filed their income tax returns for 2023.

Those named on the list are involved with a wide range of businesses in the country.

Companies that have not filed tax returns

  1. A.A.A and Trading Company Pvt Ltd
  2. Three A Villa, Abdulla Ali
  3. Aima Construction Company Pvt Ltd
  4. Big Fish Maldives Pvt Ltd
  5. Bon Free Private Limited
  6. Canaries Resorts Maldives Pvt Ltd
  7. Centurion Public Limited
  8. China Machinery Engineering Corporation
  9. Coral Island Resorts Maldives Private Limited
  10. Dhivehi Viuga Pvt Ltd
  11. Driftwood Maldives Pvt Ltd
  12. Ecavo
  13. Ensis Fisheries Pvt Ltd
  14. Equatorial Lines Pvt Ltd
  15. Ihsaan Company Pvt Ltd
  16. Kandinma Holdings Private Limited
  17. Litus Construction Private Limited
  18. Litus General Trading Private Limited
  19. Litus Maldives Pvt Ltd
  20. Maldives Quality Seafood Pvt Ltd
  21. Maldivian Holiday Villages Ltd
  22. Medhufushi Investment Pvt Ltd
  23. Mega Infra Projects Private Limited
  24. Miriandhoo Maldives Resorts Private Limited
  25. Nawaloka Construction Company (Private) Limited
  26. Platinum Capital Holdings Pvt Ltd
  27. Platinum Real Estate Development Pvt Ltd
  28. Renewable Energy Maldives Pvt Ltd
  29. Sanken Overseas Pvt Ltd
  30. SAS E Construction Pvt Ltd
  31. Saudi Binladin Group Company Limited
  32. Senior International Pvt Ltd
  33. Senok Trade Combine (Private) Limited
  34. Sheesha Maldives Pvt Ltd
  35. Siyaha Maldives Pvt Ltd
  36. T.E.P Construction Pvt Ltd
  37. Tennssor Holdings Pvt Ltd
  38. Travelers Street Private Limited
  39. Vie Maldives Private Limited
  40. Wams Pvt Ltd
  41. Yonsan Engineering (Maldives) Private Limited
  42. Zaha Residence & Hotels Private Limited

According to MIRA rules, the names of the companies that file tax returns will be removed from the list.

Comments

Read More

Latest News

Economic growth could be below one percent

The Maldives' economic growth forecast has been slashed to between 0.6% and 1.8% due to Middle East conflicts disrupting tourism. Finance Minister Hassan Zareer noted that travel route closures and rising fuel costs have caused a sharp decline in arrivals. The government now expects 2.17 million visitors, a 3.5% drop from last year.

Tourist arrivals expected to fall short of previous record

Maldives Finance Minister Hassan Zareer announced that tourist arrivals this year are expected to fall short of previous records and targets. The government revised its year-end estimate to 2.17 million visitors, citing geopolitical tensions as a factor. This decline marks the end of a five-year growth trend for the nation's tourism sector.

Maldivian flight with pilgrims abruptly postponed

A Maldivian flight carrying 250 Umrah pilgrims was postponed due to escalating regional tensions and airspace restrictions near Jeddah. Island Aviation delayed the trip to prioritize passenger safety amid deteriorating conditions in the Middle East. The airline and Hajj Corporation are working to assist affected travelers.

Villa College opens January 2027 intake with over 100 programs

Villa College has opened applications for its January 2027 intake, offering over 100 programs from certificates to master’s degrees. Students can apply until December 26, 2026, for courses in fields like IT, law, and nursing. The college provides international-standard education through partnerships with top UK and Malaysian universities.

Efforts underway to relocate Male' Port to Thilafushi

Maldives Ports Limited has begun relocating Malé’s commercial port operations to Thilafushi, starting with sea-based container clearance. The move aims to reduce congestion at the Malé and Hulhumalé terminals. While China Harbour Engineering Company handles design, local firm MTCC is constructing the new port's quay wall.

CBM re-auctions Malé land plots following loan repayment defaults

The Commercial Bank of Maldives is re-auctioning two land plots in Malé after the owner defaulted on loan repayments. The properties, Maafannu Doragali 2 and 3, have a combined reserve price of MVR 3.8 million. Interested bidders must submit their offers by November 1 with a mandatory bid security of MVR 25,000.

Turkish firm ordered to pay MVR 25 million in unpaid taxes

The Maldives High Court ordered Turkish firm Turmaks to pay MVR 25 million in unpaid GST for materials used to build Tree Top Hospital. The court upheld MIRA's assessment, rejecting the company's claim that a verbal agreement shifted tax liability. The ruling emphasizes that the burden of proof for tax exemptions lies with the taxpayer.

Newsletter

Get the latest news delivered straight to your inbox