The Maldives Customs Service, on 29 March 2018, published guidelines for offloading imported goods directly to tourist resorts undergoing development. The guidelines, which are in…
This edition of Year in Review focuses on the major changes in tax rules and important regulatory changes in 2017 that impacts businesses in the…
by Husam Shareef, Tax Advisor As you may notice from the heading, the rules on payment of Withholding Tax (WHT) have become rather complex – creating…
The Ministry of Tourism, on 4 March 2018 published the 2nd Amendment to Regulation Number 2016/R-69 (Submission of Proposals for Leasing Islands, Plots of Land…
This issue covers the following: 1. Changes brought to the imposition of WHT on commission paid to Online Travel Agencies. These changes are introduced via the…
The Maldives Inland Revenue Authority has published Ruling G46 on 8 February 2018 which makes the construction of housing projects under a social housing scheme,…
A web-based seminar on “Recent Developments on GST and WHT” was held by CTL Strategies on 10 February 2018, which focused on some important changes…
The Maldives Inland Revenue Authority has published a Tax Ruling (Number TR-2017/G45) which amends Section 46 of the Goods and Services Tax Regulation. The Ruling…
CTL Strategies LLP has been ranked by AsiaLaw Profiles as one of the top-tier law firms in the Maldives. CTL Strategies has been highly recommended…
In the case of HPL v MIRA, the Tax Appeal Tribunal held that reimbursement of expenses made under management agreements are not subject to WHT…