The Seventh Amendment to the Employment Act (the “Seventh Amendment”), gazetted on 21 September 2022, removed the obligation on employers to pay minimum wage to expatriate employees in accordance with the Minimum Wage Order until a compliance date is announced by the Minister of Economic Development (the “Minister”).
This Advisory guides you through any transitional issues that you may be facing with respect to the application of the correct GST rate – especially for transactions that straddle the effective date of rate change.
This issue is focused on the Sixth Amendment to the GST Act (Law Number 20/2022).
The major change introduced via the Amendment is the change in GST rates that is to come into effect from 1 January 2023.
The Regulation provides further details on the registration and classification of SMEs.
A case whereby the Supreme Court clarified the rules on calculation of time limits for filing appeals of tax disputes.
In this blog post, our partner and senior tax advisor Hamdhulla Hussain, focuses on analysing the practical issues faced by taxpayers in valuing benefits in kind and puts emphasis on the importance of providing clarity around the boundary between what constitutes taxable remuneration.
With the purpose of reducing the negative environmental impacts caused by plastic waste, the Waste Management Bill proposes a tax equivalent to MVR 2 to be collected from plastic bags at points of sale. Our overview provides a summary of the proposed mechanism on the collection and administration of this tax.
This Advisory summarises the key aspects of the Fourth Amendment to the Income Tax Regulation gazetted by the Maldives Inland Revenue Authority on 17 May 2022.
The Regulation provides further details on the registration and classification of SMEs.
Press release from the parents of the child that was sexually abused allegedly by an employee at Galolhu School in October 2021.