COVID-19: Workforce Restructuring
by Rafa Rasheed Prelude In connection with the COVID-19 pandemic, many businesses are considering, or have already reduced their workforce due to the interruption of…
Entries by Husam Shareef
President Ratifies amendment to Anti-Human Trafficking Act
President Solih, on 29 March 2020, ratified the first amendment to the Maldives Anti-Human Trafficking Act. The amendment brings changes to section 60(b) of the…
Government Introduces Stimulus Package to Aid Businesses
President Ibrahim Solih addressed the nation and the concerns of the citizens regarding the COVID-19 pandemic and its effects upon the nation. The President’s speech…
COVID-19 – A Reason to Discharge Contractual Obligations?
by Mariyam Naufa With the onset of the global public health emergency of coronavirus (COVID-19), supply chains continue to be disrupted and consumer spending has plummeted to unprecedented levels….
New Income Tax Regulation published
Income Tax Regulation (Number 2020/R-21) has been published in the Government Gazette on 10 March 2020. With this, the previous Income Tax Regulation (Regulation Number…
Salary Board Recommends Minimum Wage to Minister
The Salary and Remuneration Advisory Board, on 20 February 2020, published a report on recommendations to the Minister of Economic Development on setting the National…
25th Amendment to the Goods and Services Tax Regulation Published
On 12 February 2020, the 25th Amendment to the Goods and Services Tax Regulation (Regulation Number 2011/R-43) was published in the Government Gazette. The amendment…
Maldives Foreign Direct Investment Policy Published
A Foreign Direct Investment (FDI) Policy which would govern the approval guidelines in relation to foreign investments in the Maldives has been published. The new…
Seminar on Income Tax in Practice
CTL Strategies is conducting a full day seminar on Income Tax in Practice. The seven and a half hour seminar is designed to give participants…