Tax Agents Regulation published

Maldives Inland Revenue Authority (MIRA) has published a regulation on tax agents in the Maldives.

The Tax Agents Regulation states that category 1 permits will allow agents to provide tax related services to all levels of taxpayers, while category 2 permit holder can only act as agents for payers with earnings exceeding MVR 10 million per year.

Applicants for both categories must pass an examination by MIRA, and category 2 applicants must attend a course conducted by MIRA in order for their applications to be approved. All permit holders are required to undergo a standardization program to maintain their permits.

The enrolled tax agent can represent the taxpayer in all specified tax dealings will the principal tax collector.