MIRA has published the 32nd Amendment to the GST Regulation, setting out the practical GST rules for the new offshore inbound tourism products regime including rules on registration, the margin-based GST calculation, input tax restrictions, invoicing and price display, return filing, record keeping, adjustments and transitional rules.

The Sixth Amendment to the Income Tax Regulation introduces a number of important changes to the income tax framework, affecting the tax treatment of leases, capital allowances, functional currency, accounting and filing requirements, employer-provided staff accommodation and certain registration and compliance obligations.

The Eighth Amendment to the GST Act introduces a new GST framework for offshore suppliers of inbound tourism products, including foreign tour operators, online travel agencies and booking platforms.

The overview on the Maldives-UAE Double Tax Agreement will examine the key provisions of the DTA and the implications it has for businesses seeking to benefit from the treaty.