MIRA warns over non-licensed tax agents

MIRA calls to be cautious about individuals providing “tax agent services” without a valid license.

The circular issued in regard to this highlights that it is evident that the tax calculations and documentations relating to tax obligations are prepared by parties other than MIRA licensed tax agents. This signifies that the documents required from the taxpayers are prepared by parties that do not hold true and up-to-date knowledge about tax. Due to this reason, it has also been identified that several that taxpayers have been fronting a greater loss.

Since tax related transactions hold a financial covenant, MIRA urges taxpayers to confirm that the documentation requirements relating to tax obligations are fulfilled and prepared by MIRA licensed tax agents.

A list of MIRA licensed tax agents will be available on MIRA website (www.mira.gov.mv).

 

·         Related documents:

https://www.mira.gov.mv/circulars/Circular_08.pdf

18 Oct 17