Legal Society & Culture

Expat arrested over attempted Remittance Tax evasion

Expatriates picture at work. PHOTO:Mihaaru

The authorities arrested an expatriate worker at the Maldives’ main airport who was attempting to leave the country with over USD 69,000 to evade paying Remittance Tax.

Remittance Tax was implemented last year after an amendment to the Employment Act to impose a three percent remittance tax on expatriate workers and obligate employers to deposit expat remuneration in banks. The Act criminalises cheating on Remittance Tax or assisting tax fraud and evasion.

Maldives Inland Revenue Authority (MIRA) stated that the money has been taken back as tax and penalty fees. However, the authority did not reveal the nationality of the expatriate or the date of arrest.

Full details are available from the link below:

Source URL: Mihaaru-News

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