First Amendment to Business Registration Act Commences
On 5 January 2020, the Ministry of Economic Development issued an announcement regarding the commencement and operation of the First Amendment to the Business Registration…
Entries by Husam Shareef
Year in Review 2019
Our “Year in Review 2019” summarises the crucial regulatory developments in 2019. For ease of reference, these are categorised and labelled as “tax” and “legal” developments. Most of these developments are already explained in further detail in the several publications we made during the year. Some of the issues have also been addressed to in Blog posts by our lawyers and tax advisors.
When Done Right, Defamation Laws – A Necessary Curb on Free Speech
by Mariyam Naufa, Associate Without fail, every time you make the mistake of skimming through the headlines of Maldivian news articles or slide into the…
President ratifies Income Tax Bill into law
On 17 December 2019, President Ibrahim Mohamed Solih has ratified the Income Tax Bill into law. The Income Tax Act, marks the introduction of tax…
CTL Strategies to Host a Series of Webinars on Income Tax
CTL Strategies is conducting a series of Webinars on the Income Tax Bill passed by the People’s Majlis on 4 December 2019. The Income Tax…
President Ratifies Act on Control of Agricultural Pesticides
On 9 December 2019, the President ratified the Control of Pesticides Used for Agricultural Purposes Act. The Act introduces a broad framework for the import,…
Fifth Amendment to the Maldives Constitution Ratified
On 8 December 2019, the Fifth Amendment to the Constitution of the Maldives was published in the Government Gazette. The Amendment introduces some important changes…
Insight: ADK Enterprises v MIRA
Summary On what basis should capital allowance be claimed for assets held at the commencement of the BPT Act? In the case of ADK Enterprises…
First Amendment to the Business Registration Act Ratified
On 4 December 2019, the First Amendment to the Business Registration Act was published in the Government Gazette. The Amendment introduces some important changes for…
Redundancy Dismissals: Fairness And Genuineness Should Be Established – High Court Rules
November 2019 – The Maldives High Court heard the appeals in three important employment related cases; Ahmed Hashim v Attorney General’s Office 2017/HC-A/186, Ismail Farish…