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…

President Ratifies Act on Control of Agricultural Pesticides

On 9 December 2019, the President ratified the Control of Pesticides Used for Agricultural Purposes Act. The Act introduces a broad framework for the import, export, trade of agricultural pesticides, and also introduces search and seizure, and specific…

Fifth Amendment to the Maldives Constitution Ratified

On 8 December 2019, the Fifth Amendment to the Constitution of the Maldives was published in the Government Gazette. The Amendment introduces some important changes to the local council electoral process. The Amendment amends subsections (a), (b) and…

Insight: ADK Enterprises v MIRA

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Summary On what basis should capital allowance be claimed for assets held at the commencement of the BPT Act? In the case of ADK Enterprises v MIRA1, the Tax Appeal Tribunal (“TAT”), by unanimous decision, has held that companies must claim capital…

First Amendment to the Business Registration Act Ratified

On 4 December 2019, the First Amendment to the Business Registration Act was published in the Government Gazette. The Amendment introduces some important changes for foreign parties interested in carrying on business in the Maldives, and for online businesses. According…

Income Tax Bill Passed by Majlis

The Income Tax Bill has been passed during the 74th session of the 19th People's Majlis on 4 December 2019 by a Majority vote of 67 members and 3 members against. The Bill was passed by the Members after incorporating a total of 25 amendments. These…

MIRA Amends Enforcement Policy, Introduces New Instalment Schedules

On 1 December 2019, the MIRA introduced the Third Amendment to the Enforcement Policy bringing some important changes that benefit enterprises carrying on business with the State, and also introduces new commitment payment rates and payment schedules…

Judicial Impeachment: Some Reflections and the Maldivian Context

by Nazahath Ahmed, Associate The Independence of the Judiciary is integral to the separation of powers and rule of law. The concept is set out in the International Bar Association’s Minimum Standards of Judicial Independence (1982) and in the Basic…