President Dr Mohamed Muizzu has ratified the 4th Amendment to the Tax Administration Act (Act No. 3/2010) at a special ceremony held at the President's Office today.
The Bill was passed by the 20th People's Majlis on Wednesday, 26 August 2026, at the 28th sitting of its second session for the year.
The Amendment revises and strengthens the administrative powers of the Maldives Inland Revenue Authority (MIRA), as well as the principles and procedures governing tax audits and investigations and MIRA's statutory powers to recover outstanding taxes.
Under the amended Act, the Commissioner General of Taxation may direct any party holding information necessary for the enforcement of tax laws to provide such information to MIRA.
The Amendment also introduces additional tax offences and penalties and sets out the factors and information MIRA must consider when determining a taxpayer's tax liability. It sets out requirements and timelines for filing tax returns and provides for the settlement of penalties through instalment arrangements in accordance with prescribed rules.
In addition, the Amendment strengthens provisions on conducting joint tax examinations with foreign authorities, Country-by-Country (CbC) Reporting, and the Common Reporting Standard (CRS), while establishing fines not exceeding MVR 250,000 for non-compliance with CRS obligations.
The Amendment also establishes the code of conduct for members of the Tax Appeal Tribunal and mandates the publication of their financial statements in accordance with guidelines determined by the Auditor General.
The Amendment further prescribes the limitation periods within which civil and criminal proceedings may be instituted under the Act.
Following its ratification and publication in the Government Gazette today, the 4th Amendment to the Tax Administration Act (Act No. 3/2010) has now taken effect.
