Are the banks required to file an interim return?

Banks are required to file an interim return (MIRA 603) for the tax year if the annualized income tax payable for the previous tax year was more than MVR 20,000, or if this is the first tax year and the estimated income tax payable for this tax year is more than MVR 20,000.

Banks must file their interim return via MIRAconnect.

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