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…
High Court Sets Precedent - Courts to Appoint A Litigation Friend To Represent Children and Protected Persons At Civil Proceedings
In the recent judgment of the High Court in Re Aishath Zaeema, the High Court established a pivotal precedent that is set to have huge implications on the rights of children and other protected persons who lack the capacity to represent themselves at court proceedings.
MIRA v CDLHT Oceanic Maldives Pvt Ltd | MIRA v Sanctuary Sand Maldives Pvt Ltd
On 24 September 2023, the High Court handed down the judgement in a case which provided clarity on two issues: 1) the deductibility of interest on a loan transaction between related parties, 2) requirement to perform a comparability analysis in determining whether a transaction is at arm’s length.