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

EyeCare offers 20 percent discount to mark World Sight Day

To celebrate World Sight Day, EyeCare is offering a 20 percent discount on selected frames with the purchase of prescription lenses through October. Available at all outlets, the promotion aligns with the "Love Your Eyes" theme to encourage eye health. Professionals are on hand to help customers choose the best options for their lifestyle.

Dhiraagu Maldives Junior Open to begin on December 13

Registration is open for the Dhiraagu Maldives Junior Open 2026, a badminton tournament running from December 13 to 19 in Malé. The event features various youth age groups and a Para category to foster local and international talent. Interested players must register by November 25 to compete in this endorsed sporting event.

MTCC has 6700 employees, most positions are contract-based

MTCC reports a workforce of 6,700 employees, with only 2,500 being permanent staff. Following a merger with the Road Development Corporation, the company’s headcount will grow by over 4,000, establishing a presence on every inhabited island. This expansion comes amid criticism over rapid hiring practices within state-owned enterprises.

Moody’s upgrades Maldives credit rating to Caa1

Moody’s has upgraded the Maldives' credit rating from Caa2 to Caa1 with a stable outlook, citing a reduced risk of default after successful debt payments. While the upgrade restores the rating to previous levels, the agency warns of a rising budget deficit and a high debt-to-GDP ratio that remains above 100 percent.

Board appointed for new Awqaf Investment company

The Maldives has formed the board for Maldives Awqaf Investment, a new state-owned enterprise led by Chairperson Izzuddin Adnan. The company will manage mosque construction, renovations, and waqf property development through Shari’ah-compliant activities. It holds an authorized capital of MVR 100 million to ensure project sustainability.

Government revenue exceeds MVR 30 billion

The Maldivian government’s revenue surpassed MVR 30 billion, marking a slight increase over last year despite a slowdown in tourism-related tax growth. While tax revenue rose to MVR 23.8 billion, non-tax revenue saw a decline. Economic experts link the stagnation to a cooling tourism sector, which may impact year-end budgetary targets.

TGST declines due to low tourist arrivals

Maldives' state revenue is declining as Tourism Goods and Services Tax collections fell by MVR 110.5 million due to a drop in visitor arrivals. Disruptions in Middle Eastern air travel have slowed tourism momentum since the second quarter. It is now unlikely the country will meet its annual target of 2.4 million tourists.

Newsletter

Get the latest news delivered straight to your inbox