The Maldives Inland Revenue Authority (MIRA) has announced that the implementation of the e-invoicing system, aimed at resolving challenges faced by taxpayers, will be completed within this year. This system is designed to allow MIRA to monitor tax-related documents and transactions directly, marking a significant step towards digitalizing the tax framework and enhancing transparency. Furthermore, noting a decline in tax compliance following the COVID-19 pandemic, MIRA is collaborating with the most affected sectors to implement specialized measures to improve regulatory adherence.
