MIRA 303

Version 11.1

BPT Interim Payment

TIN (Taxpayer Identification Number) Taxpayer Name
Your TIN as it appears on your Notification of Registration Your name as it appears on your Notification of Registration

Accounting Period

D D M M Y Y Y Y
From

D D M M Y Y Y Y
To

Income
1 2 2 3

Rufiyaa
(rounded off to the nearest Rufiyaa)

Trading and Other Income (Exclusive of rent from immovable property) Rent from Immovable Property Total Income (Sum of Boxes 1 and 2)

Deductions
4

Business Expenses for the Period Deduction on Rent from Immovable Property (If you wish to claim deductions under Section 9 of the BPT Act,
enter an amount not more than 20% of the amount in Box 2)

6 7 8 9 10

Total Expenditure (Sum of Boxes 4 and 5) Profit / (Loss) (Box 3 minus Box 6) Tax-free Threshold (See note (b) below) Taxable Profit (Box 7 minus Box 8) Tax Liability for the Year (Box 9 multiplied by 0.15)
This is the Interim Payment for Tax Year 2011. You must pay this amount on or before 31 January 2012

Transitional Arrangements for Tax Year 2011:

(a) If your accounts have not been finalised as of making the Interim Payment, the calculations above must be estimates based on either of the following: (i) If you prepare monthly accounts, apportion the amounts of July 2011 for the period that you are chargeable to tax and use the actual amounts for the subsequent months; or (ii) Special purpose financial accounts for the period from 18th July 2011 until the end of your accounting period; or (iii) Accounts for the full accounting period and apportion the amounts on a pro rata basis for days from 18th July 2011 until the end of your accounting period. (b) Tax-free Threshold must be calculated as follows:
Number of days from 18 July 2011 to the end of Accounting Period 365 X 500,000

Declaration
I declare that the information in this statement is true and correct and represents my interim payment assessment as required under the Business Profit Tax Act (Act No. 5/2011), and that I am authorised to sign this statement.

Name

Contact Number(s)

D D M M Y Y Y Y
Designation Date Signature & Seal

For Office Use Only

D D M M Y Y Y Y
Received By Received Date Voucher Number Verified By
Maldives Inland Revenue Authority, T-Building, Ameenee Magu, Male 20379, Republic of Maldives, Hotline: 1415, Phone: (960) 332 2261, Fax: (960) 331 6577, Email: info@mira.gov.mv, Web: www.mira.gov.mv

INSTRUCTIONS
1 2

This is the total of your income from all business activities, EXCEPT any rent from immovable property. This includes your business income from trading, interest, dividend and others. If you conduct more than one business, enter the total amount of income from all those businesses. If you earn ONLY rental income from immovable property, leave this Box blank and go to Box 2.

If you receive any income as rent from immovable property, enter that amount here. Refer to Chapter 6 of the Business Profit Tax Regulation for further details.

Enter the sum of Boxes 1 and 2 here.

This the total amount of expenses you incurred for the purpose of your business. Refer to Section 10 & 11 of the Business Profit Tax Act for further details.

This is the amount of deductions you may claim under Section 9 of the BPT Act on rent from immovable property. This amount should not be more than 20% of the amount in Box 2. If you wish to claim the actual expenses as deductions on rent from immovable property, include that amount in Box 4 and leave Box 5 blank.

Enter the sum of Boxes 4 and 5 here.

Deduct Box 6 from Box 3 and enter the result here. If this amount is negative, you do not have to pay any business profit tax for Tax Year 2011.

Use the formula overleaf to calculate your tax-free threshold for the year. If you are an individual, your accounting period will end on 31 December 2011.

Deduct Box 8 from Box 7 and enter the result here. This is your taxable profit for Tax Year 2011.

10

Multiply Box 9 by 0.15 and enter the result here. This is the amount of your Interim Payment for Tax Year 2011. Make sure that you pay this amount to the MIRA on or before 31 January 2012.

If you have any queries, please call us at 1415 or email us at tef@mira.gov.mv.