Cash Declaration Limit Changed

The Maldives Monetary Authority, on 17 January 2019, published the first amendment to the Regulation on Cross Border Currency Declaration Amount. The changes introduced now require passengers travelling with USD 20,000 or more, and are travelling…

NO GROUNDS FOR REPEALING SECTION 44 OF TAA: HC

The High Court of the Maldives has ruled that the section 44 of the Law Number 3/2010 (Tax Administration Act) does not contravene Article 40(a) and 56 of the Constitution of the Maldives. This ruling was made following an application by a taxpayer to…

Tax disputes & controversies

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