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…

Ruling G47 Explains Types of Feminine Sanitary Products

On 10 December 2018, Tax Ruling G47 was published in the government gazette which amends Section 40 of the Goods and Services Tax Regulation. Following the fifth amendment to the GST Act on 3 December 2018, sanitary napkins, tampons, menstrual cups…

Feminine Sanitary Products Zero Rated

On 3 December 2018, the fifth amendment to the Goods and Services Tax Act was published in the Gazette, which introduced feminine sanitary products to the zero-rated schedule. Effective from 3 December 2018, all Sanitary napkins, tampons, menstrual…