Income Tax registration requirements
Are you an Individual or a Company or a Deemed Partnership?
Individual
Partnership
Company, Permanent establishment in the Maldives or Other corporate entity
Deemed Partnership
Do I have to register for income tax return??
Do you hold a permit or license, issued by a Government Authority to carry on a business activity?
Do you have an employee that is required to deduct Employee Withholding Tax?
You are required to register for Income Tax
Does your monthly average income from all the business activities carried out within 12 months exceeds MVR 40,000?
You are required to register for Income Tax
Does your gross income for the tax year exceed MVR 500,000?
You are required to register for Income Tax
Do you conduct any business in Maldives and makes a payment that is subject to non-resident withholding tax as per Section 55 of Income Tax Act?
You are NOT required to register for Income Tax
You are required to register for Income Tax
You are required to register for Income Tax
You must file an income tax return for the tax year 2020 by 31 August 2021
You are EXEMPT from filing an income tax return for the tax year 2020
Do I have to register for income tax return??
Are you required to register under business registration Act?
Do you hold a permit or license, issued by a Government Authority to carry on a business activity?
You are required to register for Income Tax
Submit MIRA 117 form (If your business is registered with MED, no need to submit a separate registration)
Do you have an employee that is required to deduct Employee Withholding Tax?
You are required to register for Income Tax
Submit MIRA 117 form (If your business is registered with MED, no need to submit a separate registration)
Does your monthly average income from all the business activities carried out within 12 months exceeds MVR 40,000?
You are required to register for Income Tax
Submit MIRA 117 form (If your business is registered with MED, no need to submit a separate registration)
Do you receive remuneration from more than one payer and does your monthly average gross income exceeds MVR 40,000?
You are required to register for Income Tax
Submit MIRA 117 form (If your business is registered with MED, no need to submit a separate registration)
Does your average monthly gross income exceed MVR 60,000?
You are required to register for Income Tax
Submit MIRA 117 form (If your business is registered with MED, no need to submit a separate registration)
You are required to register for Income Tax
Submit MIRA 117 form (If your business is registered with MED, no need to submit a separate registration)
Do you conduct any business in Maldives and makes a payment that is subject to non-resident withholding tax as per Section 55 of Income Tax Act
You are required to register for Income Tax
Submit MIRA 117 form (If your business is registered with MED, no need to submit a separate registration)
You are NOT required to register for Income Tax
You are required to register for Income Tax
Submit MIRA 117 form (If your business is registered with MED, no need to submit a separate registration)
You must file an income tax return for the tax year 2020 by 31 August 2021
You are EXEMPT from filing an income tax return for the tax year 2020
Do I have to register for income tax return?
You are required to register for Income Tax
Submit MIRA 117 form (If your business is registered with MED, no need to submit a separate registration)
Do I have to register for income tax return?
You are required to register for Income Tax
Submit MIRA 117 form (If your business is registered with MED, no need to submit a separate registration)