The Maldives Inland Revenue Authority (MIRA) has published the English-language version of the Fifth Amendment to the Tax Administration Regulation 2021/R-127, which was originally issued on 27 September 2021 in the Dhivehi language. The amendments concern the refund of tax amounts paid in excess. This includes, where the submission of a tax return or amending a tax return results in an overpayment of tax, such overpaid amount shall be refunded by MIRA in the following manner:
- Set off again…