Management Services Subject to WHT Only if Rendered After Commencement of the BPT Act: High Court
The High Court of Maldives, on 26 April 2019, struck down the Tax Appeal Tribunals decision regarding the interpretation of Section 6 of the Business…
Entries by Husam Shareef
Tribunal Declares MIRAs Decision Invalid, Orders Re-audit
On 15 May 2019, the Tax Appeal Tribunal decided, by way of majority decision, in favor of the Appellant, Maldives Passions Private Limited and ordered…
Constitution Amended Prohibiting Ownership of Land by Foreigners
On 23 April 2019, the fourth amendment to the Constitution of the Republic of Maldives was published in the Government Gazette, amending Article 251 of…
Dues Must be Settled Prior to Amending State Agreements
The Ministry of Finance, on 21 April 2019, issued a circular pertaining to procedures to be followed by state offices prior to taking any action…
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…
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…