CTL Strategies has now been ranked by Chambers and Partners for two consecutive years. The new ranking in Band 2, marks an upgrade for the firm with the firm moving from Band 3 within two years.
The National Payment System Act which regulates the operation of payments systems, clearing systems, settlement systems and payment services.
The Regulation provides further details on the registration and classification of SMEs.
The Fourth Amendment to the Regulation on the Operation of Guesthouses was published on 30 December 2021, beginning a new chapter for Maldivian tourism sector….
The law introduces a new licensing regime to regulate the energy sector of Maldives and repeals the Utility Services Act
On 23 December 2021, the Maldives and Bangladesh signed a Double Tax Avoidance Agreement (DTAA).The signing took place during a ceremony held in the President’s Office.
The Maldives is now a signatory to the Convention on Mutual Administrative Assistance in Tax Matters (MAAC). The signing took place on 11 August 2021, at the ceremony held at OECD Headquarters in Paris.
This publication gives an overview of the First Amendment to the Income Tax Act of the Maldives
This Advisory summarises the imperative aspects of the General Employment Regulation gazetted by the Ministry of Economic Development on 9 May 2021.