MIRA Calls Upon Taxpayers That Do Not Meet Registration Requirements to Deregister
The MIRA has issued announcements requesting taxpayers who do not fulfil tax registration requirements under the Tax Administration Act, or GST registration requirements to deregister from tax.
The announcement, issued on 16 January 2019, reminds…
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…