Guide on Managing Tax Audits
Tax audits conducted by the Maldives Inland Revenue Authority (MIRA) loom over virtually every business operating in the Maldives. The Examination of your accounts and…
Entries by Husam Shareef
High Court Confirms TAT Ruling on Third Party Payments
The High Court of Maldives has upheld the Tax Appeal Tribunal’s decision on a case which focused on the subjectivity of withholding tax on payments…
Tax Alert, 8 December 2016
This issue covers the following developments: 1. Publication of the Salary Enforcement Regulation, which prescribed crucial rules for the implementation of Remittance Tax 2. Nineteenth Amendment…
Tax Alert, 3 October 2016
This issue covers the following changes to tax laws: 1. Green Tax on guesthouses: Guesthouses to charge Green Tax from 1 October 2016. 2. Publication of…
Tax Alert, 28 August 2016
This issue covers the following changes to tax laws: 1. Changes to imposition of Withholding Tax: Tax is imposed on accrued payments as well. 2….
Remittance tax on expatriates to be introduced
The President, on Thursday has ratified a bill that imposes a remittance tax of 3% on the money transferred abroad by expatriate workers, effective from…
MIRA to collect Green Tax from Guesthouses starting 1st October 2016
Guesthouses will be charged Green Tax on tourists for each day of their stay starting from 1 October 2016, under the eighth amendment to the…
Tax Ruling issued on the GST treatment of imported goods
A Tax Ruling has been issued by the Maldives Inland Revenue Authority (MIRA) on 8 August 2016 clarifying the GST treatment of imported goods. The…
MIRA to introduce Advance Pricing Agreements
The Maldives Inland Revenue Authority (MIRA) has announced that Advance Pricing Agreements (APAs) between taxpayers and MIRA will be introduced this year. This announcement was…
Smart Start Internship Program
Welcome to the CTL Smart Start Internship Program. The program is mainly intended for students interested in pursuing a career in the practice of taxation…