Income Tax Return: Taxpayers must check all details of Annual Information Statement, else they may get Income Tax notice - Business League

Unpacking the penalty notices: Navigating income tax obligations for employees and employers in the Maldivian hospitality sector – Hotelier Maldives

Recent reports of former employees and expatriates receiving penalty notices from the Maldives Inland Revenue Authority (MIRA) for unfiled tax returns have sparked significant concern. This serves as a crucial reminder for both employees and employers about their respective responsibilities concerning income tax in the Maldives. Understanding these obligations and proactive compliance is key to […] Source

Income Tax Return: Taxpayers must check all details of Annual Information Statement, else they may get Income Tax notice - Business League

Income Tax Return: Many taxpayers are unable to differentiate between Form 26AS and AIS. Form 26AS contains information about TDS and TDS of taxpayers. Apart from this, there is also information about high value transactions. In comparison, AIS contains many additional information. Have you checked your Annual Information Statement (AIS)? If not, then you should check it soon. Not checking AIS properly can cost you heavily. AIS contains complete…