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…
Government of Maldives has Announced IFBs For Development of Tourist Resorts
The Government of Maldives is seeking bids for the lease, development, operation and management of tourist resorts on several uninhibited islands and plots of lands on uninhabited islands in the Maldives.
Overview of the 4th Amendment to the Tax Administration Regulation
This publication gives an overview of the 4th Amendment to the Tax Administration Regulation of the Maldives
Guide on collection and distribution of service charge
This guide explains the rules regarding the collection, distribution and reporting of Service Charge as required by the Sixth Amendment to the Employment Act
Overview of the Goods and Services Tax Act
This publication gives an overview of the imposition of Goods and Services Tax imposed under the GST Act.
Advance Pricing Arrangement Regulation Published
The Third Amendment to the Tax Administration Regulation, granted the Maldives Inland Revenue Authority (“MIRA”) the right to enter into Advance Pricing Arrangements (“APA”) with taxpayers.