The Maldives Inland Revenue Authority (MIRA) has successfully collected MVR 623 million from outstanding payments owed to the authority.

In a report released by MIRA yesterday, the authority stated that a total of MVR 623 million was recovered in September as part of ongoing efforts to collect overdue funds.

According to MIRA, this included MVR 395 million recovered by sending official notices and MVR 87 million through dues clearance processes.

Additionally, MIRA stated that MVR 123 million was collected under installment agreements.

The authority also noted that MVR 10 million was recovered through reminder phone calls made to taxpayers, while MVR 8 million was secured by freezing bank accounts.