Land Sale Regulation Grants the Minister Power to Set Minimum Tax
The Ministry of Housing and Infrastructure, on 15 August 2017, published the 2nd Amendment to the “Regulation on Privatising and the Sale and Purchase of…
Entries by Husam Shareef
CTL Strategies Conducts Seminar on WHT for Tourism Professionals
A seminar on “Contemporary Issues on Withholding Tax in the Tourism Industry” was conducted by CTL Strategies on 12 August 2017. The seminar held at…
Tourism Permit Not Required Prior to Signing Management Agreements
The Ministry of Tourism, on 3 August 2017, published the 3rd Amendment to Regulation Number 2010/R-14 (Grant of Rights – land and islands leased for…
Fines Under SER Postponed
The 2nd Amendment to the Salary Enforcement Regulation, published on 13 July 2017, changes the fine enforcement date to 1 January 2018. The Amendment amends,…
MED Publishes Guideline on Directors Report
The Ministry of Economic Development on 5 June 2017 published a guideline that sets out the requisite information to be included in the Directors Report…
Seminar on Withholding Tax for Tourism Sector Professionals
CTL Strategies LLP is conducting a seminar on contemporary Withholding Tax issues faced by businesses operating in the tourism sector. The seminar is currently scheduled…
Changes in Rules of End of Accounting Period for Companies in Dissolution
The Maldives Inland Revenue Authority has published Ruling B61 on 29 May 2017 which amends Section 11 of the Business Profit Tax Regulation. The amended…
Tax Alert, 25 MAY 2017
This issue covers the following: 1.Tax Ruling B60, which explains the dates on which an amount subject to WHT becomes payable under Section 6 of…
Construction Act Ratified
On 23 April 2017, the Construction Act was published in the Maldives gazette, which sets out the standards and parameters to be followed by all…
Changes Made to Grant of Rights Regulation
The Ministry of Tourism, on 26 April 2017, published the 2nd Amendment to Regulation Number 2010/R-14 (Grant of Rights – land and islands leased for…