On 23 September 2020, the Maldives Inland Revenue Authority (MIRA) issued Announcement No. (IUL)220-TSS/INDIV/2020/16 concerning the mandatory electronic payment of large tax payments. This includes that with effect from 1 October 2020, any payment exceeding MVR 100,000 or USD 5,000 must be paid electronically via MIRA’s online payment options, MIRAconnect and VaaruPay, or via the Maldives Rea…