Maldives Requiring Electronic GST Return

Sovos
June 22, 2018

The Maldives Inland Revenue Authority issued a recent tax ruling, which states that GST-registered businesses with an annual turnover exceeding MVR 5 million, to file their general sector GST Return electronically. This filing is done through the Revenue Agency's online portal, known as "MIRAconnect."

This ruling has immediate effect, and will apply to any filings made accounting for GST transactions after June 1, 2018, onward. The ruling, published on June 14, 2018, can be found here. 

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Sovos

Sovos was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for tax determination, continuous transaction controls, tax reporting and more. Sovos customers include half the Fortune 500, as well as businesses of every size operating in more than 70 countries. The company’s SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes. Sovos has employees throughout the Americas and Europe, and is owned by Hg and TA Associates.
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