50 companies fail to pay Business Profit Tax by April deadline: MIRA

A total of 50 eligible companies have failed to pay Business Profit Tax (BPT) to the Maldives Inland Revenue Authority (MIRA) by last month’s deadline, local media has reported.

Sun Online has reported that information shared by MIRA found that only 600 of a total of 650 companies eligible to pay BPT had paid the required funds by the deadline of April 30, 2013.

MIRA collected MVR 737,139,061 in BPT by the end of April 2013, according to the report. It received MVR 66,606,109 in BPT payments by April 2012.