Tax Alert, 2 July 2020

This issue is focused on the Twenty Sixth Amendment to the GST Regulation (Regulation Number 2011/R-43).

Key topics covered in the Amendment, and detailed in this issue of Tax Alert, are:

  1. specific rules on what constitutes a charter of a tourist vessel;
  2. no prior authorisation required to claim a deduction on irrecoverable debts;
  3. amendment of the definition of goods and services exported from the Maldives;
  4. specific rules on transfer, and personal consumption of imported goods;
  5. removal of requirement to return GST certificate upon de-registration.