Deadline for filing BPT Return for 2012 is approaching

All individuals doing business in the Maldives and those whose accounting period ended on 31 December 2012 will have to file their BPT Return and make their final payment by 30 June 2013.

Individuals will have to file their BPT Return if their total income reaches Rufiyaa 750,000 or if their taxable profit exceeds Rufiyaa 500,000. Companies will have to file their BPT Return regardless of the amount of income they generated or their taxable profit value.

Individuals, partnerships and companies who did not earn Rufiyaa 5 Million in total income for the year do not have to audit the financial statements they submit with their BPT Return. All those whose total revenue for the year is Rufiyaa 5 Million and above, will have to audit their financial statements and submit the auditor’s report.

Those who wish to clarify any information regarding filing their BPT Return can do so through MIRA hotline 1415, or the MIRA support email 1415@mira.gov.mv or by coming to MIRA’s Taxpayer Service Centre at MIRA.

03 Jun 13