Foreign Investment Opportunities in the Maldives
It is important to enlist the help of skilled counsel with experience in legal, administrative and, tax requirements when foreign investors establish themselves in the…
Entries by Husam Shareef
Tourism Ministry Introduces Share Transfer Fee and Increases Lease Transfer Fee Under Grant of Rights Regulation
The Ministry of Tourism, on 31 October 2017, published the 4th Amendment to Regulation Number 2010/R-14 (Grant of Rights – land and islands leased for…
New Ruling Changes Complimentary Services Rules
The Maldives Inland Revenue Authority has published a Tax Ruling (Number TR-2017/G43) on 9 October 2017 which amends Section 54 of the Goods and Services…
High Court Rules Laamu Asseyri Project Contract Void
The High Court, on 4 October 2017, struck down the lower court’s decision to enforce a contract between J Hotels and Resorts Private Limited and…
CTL Strategies Concludes Second Annual Corporate Retreat
CTL Strategies has concluded their second annual corporate retreat on 1st October 2017. The 4-day corporate retreat of CTL strategies was held on Fulhadhoo island,…
CTL Strategies Appointed as Gold 100 Evaluators
CTL Strategies LLP has been appointed as the evaluators of Gold 100, 2017. Gold 100, which is a feature on the leading business enterprises in…
Tax Alert, 17 SEPTEMBER 2017
This issue covers the following: 1.Tax Ruling G42, which amends the GST registration requirements for taxable activities in the general sector, which are run by…
Focus, 17 SEPTEMBER 2017
This first issue of Focus is on the requirements of the Directors’ Report that has to be submitted under the Companies Act of the Maldives…
Mandatory General GST Registration for Tourism GST Registrants
The Maldives Inland Revenue Authority has published Ruling G42 on 7 September 2017 which amends Section 11 of the Goods and Services Tax Regulation. The…
Surcharges Not in Purview of Tax Rules Supreme Court
by Fathuhulla Ismail, Counsel Supreme Court of the Maldives on 20 March 2017 has decided ADK Trade and Shipping Pvt Ltd v State (Maldives Customs…