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…
MIRA Changes Rules on Imposing BPT on Director’s Remuneration
On 21 March 2019, the MIRA published Tax Ruling TR-2019/B69 which amends Tax Ruling TR-2018/B65 (Employment Under a Contract of Service).
The ruling now classifies remuneration paid by a company to a director partnership to a partner, a trust or body…
Insight: Abdulla Shareef v MIRA
Summary
What triggers the time of supply? Can MIRA make an assessment based on information that is not provided by the taxpayer?
In the case of Abdulla Shareef v MIRA1, the Tax Appeal Tribunal, by unanimous decision, held that the MIRA’s Notice…
Construction Administration Regulation Published
On 11 March 2019, the “Construction Administration Regulation” was published in the Maldives Gazette.
The Construction Administration Regulation, formulated under the Construction Act which was promulgated on 23 April 2017, largely deals with procedural…
Seminar on Recent Developments in BPT and WHT
CTL Strategies is conducting a full day seminar on Recent Developments in BPT and WHT. The seven-hour seminar is designed to give participants an in-depth understanding of the BPT and WHT regimes, including the recent updates to those regimes via Tax…