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…

GREEN TAX COMES INTO EFFECT ON 1 NOVEMBER 2015

Green Tax, imposed under the Maldives Tourist Act, comes into effect on 1 November 2015. It is payable at the rate of USD 6 per day of stay by tourists who stay in tourist resorts, tourist hotels and tourist vessels. Moldivians and resident permit…

COURSE ON ACCOUNTING AND FINANCE FOR LAWYERS

The Maldives Law Institute in association with CTL Consulting is organising a course on "Accounting and Finance for Lawyers" and will be held from November 15 ‐ 19, 2015. The course will provide a technical and conceptual foundation in financial…