Tag: tax administration bill

Nominations for MIRA open at President’s Office

Nominations for the Board of Directors for the newly formed Maldives Inland Revenue Authority (MIRA) and its Commissioner General and Deputy Commissioner General of Taxation will open today at the President’s Office.

Applications for nomination will be open until 5 April 2010.

According to Article 4(d) of the Tax Administration Act, the Board of Directors of MIRA will comprise of seven members. Both the members of the board and the Commissioner General and Deputy Commissioner General of Taxation will be appointed by President Mohamed Nasheed and must be approved by the People’s Majlis.

Nomination forms are available at the President’s Office or through their website.

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President ratifies Tax Administration Bill

President Mohamed Nasheed has ratified the Tax Administration Bill on 18 March.

The bill was passed in Parliament on 8 March 2010, and has now been published in the government gazette.

The Act establishs an independent legal entity know was the Maldives Inland Revenue Authority (MIRA).

MIRA will implement laws and policies on taxation and will also be responsible for collecting taxes payable to the State.

There will be a board of directors appointed within 60 days of the establishment of MIRA. They will be responsible for formulating the policies of MIRA.

There will also be a Tax Appeal Tribunal which will oversee tax-related cases. The tribunal must be established within 90 days of the ratification of the bill.

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