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…

our first publication, "Insight", is out

We have started publishing "Insight" - a periodical  focused on contemporary tax and legal issues. Insight will bring to you information and analysis of the application of laws as well as updates of cases. The first issue is focused on the decision…

Aishath Asima v MIRA

The Tax Appeal Tribunal (TAT) has held that a payment may be subject to Withholding Tax even if it is made by a person other than the taxpayer and are not recorded in the taxpayer's books. In reaching its decision, the TAT noted that expenses paid…