BPT Treatment of Director’s Remuneration
by Madeeh Ahmed, Senior Tax Advisor The MIRA recently issued a tax ruling (TR-2019/B69 issued on 21 March 2019) which has changed its position on…
Entries by Husam Shareef
CTL Strategies Conducts Seminar on Recent Developments in BPT and WHT
A seminar on “Recent Developments in BPT and WHT” was conducted by CTL Strategies on Saturday, 13 April 2019. The seminar held at hotel Jen…
MED Amends Import Regulations
On 28 March 2019, the third amendment to the Import, Export and Re-export of Goods Regulation was published in the Government Gazette. As per the…
MIRA Changes Rules on Imposing BPT on Director’s Remuneration
On 21 March 2019, the MIRA published Tax Ruling TR-2019/B69 which amends Tax Ruling TR-2018/B65 (Employment Under a Contract of Service). The ruling now classifies…
Insight: Abdulla Shareef v MIRA
Summary What triggers the time of supply? Can MIRA make an assessment based on information that is not provided by the taxpayer? In the case…
Construction Administration Regulation Published
On 11 March 2019, the “Construction Administration Regulation” was published in the Maldives Gazette. The Construction Administration Regulation, formulated under the Construction Act which was…
Seminar on Recent Developments in BPT and WHT
CTL Strategies is conducting a full day seminar on Recent Developments in BPT and WHT. The seven-hour seminar is designed to give participants an in-depth…
Online Payment Rules Amended for Certain Taxpayers
On 18 February, the MIRA published Tax Ruling 2019/A-18, which makes it mandatory for certain taxpayers to make payment of Goods and Services Tax, Withholding…
Income Tax to be Introduced from 2020
President Ibrahim Mohamed Solih has announced that income tax will be levied from next year onwards. During the presidential address given to Parliament on 7…
Disputing a Tax Assessment
by Ali Naeem, Counsel The main concern of any business these days is whether it has fully complied with the tax laws. Consequences of non-compliance…