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…

New Ruling Changes Complimentary Services Rules

The Maldives Inland Revenue Authority has published a Tax Ruling (Number TR-2017/G43) on 9 October 2017 which amends Section 54 of the Goods and Services Tax Regulation to allow complimentary supplies without any imposition of GST for a period of 7 days. Prior…

High Court Rules Laamu Asseyri Project Contract Void

The High Court, on 4 October 2017, struck down the lower court’s decision to enforce a contract between J Hotels and Resorts Private Limited and the State. In the case decided by the Civil Court in favor of J Resorts, it was held that there was in…

CTL Strategies Concludes Second Annual Corporate Retreat

CTL Strategies has concluded their second annual corporate retreat on 1st October 2017. The 4-day corporate retreat of CTL strategies was held on Fulhadhoo island, which lies on the outer rim of Baa Atoll – well known for its wealth of unique sea-life…

CTL Strategies Appointed as Gold 100 Evaluators

CTL Strategies LLP has been appointed as the evaluators of Gold 100, 2017. Gold 100, which is a feature on the leading business enterprises in Maldives and published in Corporate Maldives - a premium business and hospitality magazine - undergoes a…