Malé, Maldives – Ministry of Finance has announced that from next year, the annual fee for road vehicles and sea vessels will be accepted only by the councils where it is registered.
Finance Minister Ibrahim Ameer issued a circular yesterday saying that MIRA will stop collecting fees from 31st of this month in order to transfer the annual fees for road vehicles and sea vessels to councils.
From the first day of next year, the annual fee for road and sea vehicles will be collected by the council to which the fee belongs through a system developed by the Ministry of Transport.
Fees can be deposited into the accounts of the councils through the system by linking the bank accounts of the councils with Bandeyri Pay.
Through the transport system, the fee will be deposited into the bank account of the council to which it belongs by integrating the accounts of the councils with Bandeyri Pay before 31st of this month, the ministry said.
According to the ministry, if any council’s bank account has not been integrated with Bandeyri Pay before that date, the fees belonging to that council will be credited to a public account. Therefore, the councils were urged to do so before the deadline.
The money deposited in the public account will be deposited in the councils later, the ministry said.
Annual fees for road vehicles and sea vessels are now being paid through MIRA’s online portal, Fahi Pay. With the change, the annual fee for vehicles will now be directly paid to the councils and will be direct income for the councils.