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…
Overview of the Tourism Land Rent Regulation
This Overview covers the key areas of the Tourism Land Rent Regulation which was published in the Government Gazette on 27 February 2022
Claiming income tax refund under the current PAYE mechanism
In this article, our associate Ali Muraadh takes on an analytical view on the ‘simple PAYE mechanism’ adopted in the Maldives and the impact it has on employees, including the potential eligibility for a tax refund.
Enforcement Policies of MIRA
This Advisory summarises the key aspects of the recent enforcement policies published by the MIRA.
Third Amendment to the Income Tax Regulation
This Advisory summarises the key aspects of the Third Amendment to the Income Tax Regulation gazetted by the Maldives Inland Revenue Authority on 19 October 2021.
Fifth Amendment to the Grant of Rights Regulation
The Amendment introduces revisions to the regulatory fees charged by the Ministry of Tourism (MOT) in relation to transfer of rights of tourist resorts