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 is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.
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