Deadline for filing BPT Return for 2013 is approaching

All individuals doing business in the Maldives and those whose accounting period ended on 31 December 2013 will have to file their BPT Return and make their final payment by 30 June 2014.

Individuals will have to file their BPT Return if their total income for the year 2013 reaches Rufiyaa 750,000 or if their taxable profit for 2013 exceeds Rufiyaa 500,000. However all companies will have to file their BPT Return irrespective of the amount of income or the taxable profit value.

Individuals, partnerships and companies with annual turnover less than Rufiyaa 5 million, need not audit their financial statements. But Persons with annual turnovers exceeding Rufiyaa 5 million, need to audit their financial statements by a MIRA approved auditor.

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 visiting MIRA’s Taxpayer Service Centre.

02 Jun 14