Overview of Compliance Improvement Plan 2021
Overview of Compliance Improvement Plan 2021
Compliance improvement activities planned for this year includes;
1. Providing taxpayer facilitation and assistance in fulfilling income tax obligations
- Carrying out a nation-wide income tax awareness program
- Conducting training and information sessions on new income tax return preparation
- Providing income tax return filing assistance for small businesses
- Promoting voluntary registration of income earners
2. Carring out targeted registration programs for the following sectors;
- Foreign businesses operating in Maldives
- Real-estate
- Transportation
- Professional service
- Fisheries
3. Undertaking initiatives to mitigate the negative effects of COVID-19 on tax compliance
- Increasing facilitative activities to assist taxpayers affected by COVID-19 crisis
- Expediting registration & de-registration process
- Securing compliance of key taxpayers
- Prioritizing COVID-19 focused intelligence gathering and risk assessments
4. Carrying out compliance interventions to treat risks of year 2018 & 2019
- Conducting industry specific risk assessments on; tourism, construction, wholesale and retail, information and communication, education and health industry
- Engaging with medium risk taxpayers to rectify compliance issues
- Carrying out risk-based audits of high-risk taxpayer
- Conducting criminal investigation of goods and services tax (GST) fraud and serious noncompliers
- Prioritizing mitigation of international tax risks
- Undertaking risk-based arrears management
5. Other compliance improvement activities
- Simplifying the tax procedures
- Proposing amendments to tax laws to policymakers
- Expanding taxpayer facilitation activities
- Initiating pilot audits of income tax - Introducing cash refund program
- Publication of compliance treatment outcomes
Additionally, we will continue our routine programs of detecting and deterring non-compliance through our risk assessments and treatment strategies.