Tax authority, Maldives Inland Revenue Authority (MIRA) has announced that it will be accepting payments higher than MVR 100,000 or USD 5,000 through online payment options.
MIRA, in an announcement said that the move was to facilitate the Finance Ministry’s initiative to reduce dependency on hard cash and cheques and develop online payment systems in the country as well as to reduce the use of hard cash in the economy.
The authority stated that from October onwards, payments higher than MVR 100,000 or USD 5,000 would be accepted digitally. These payments would be accepted through MIRAconnect, VaaruPay, card or MRTGCS.
MIRA stated that payments lower than the stipulated amounts could also be still made through the online options.