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Ministry of FinanceRepublic of MaldivesP R E Q U A L I F I C AT I O N D O C U M E N T ForExtension of Runway at N. Maafaru A i r p o r t , o n E . P. C T u r n k e y B a s i s .TES/2020/W052 Issued
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How to fill out optional grace period extension

01
Review the terms of your contract to understand if you are eligible for a grace period extension.
02
Contact the appropriate party, such as your financial institution or service provider, to request the extension.
03
Provide any required documentation or information to support your request for the extension.
04
Wait for confirmation from the party regarding the approval or denial of your request.
05
If approved, make sure to adhere to any new terms or conditions set forth during the extension period.

Who needs optional grace period extension?

01
Individuals who are facing financial difficulties and require additional time to make payments.
02
People who have experienced unexpected circumstances that have affected their ability to meet payment deadlines.
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The optional grace period extension allows taxpayers to extend the due date for filing certain tax returns without the need for a formal extension request.
Taxpayers who need additional time to prepare and file their tax returns may file for an optional grace period extension.
To fill out an optional grace period extension, taxpayers need to complete the relevant tax form, providing required personal and financial information, and indicate their request for the extension.
The purpose of the optional grace period extension is to provide taxpayers with more time to gather documentation and accurately report their income and expenses, thereby reducing the risk of errors.
Information to be reported includes taxpayer identification details, the type of return being extended, estimated tax liabilities, and any payments made.
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