On 22 October 2025, the Maldives Inland Revenue Authority (“MIRA”) has published the Third Amendment to the Instalment Policy (the “Amendment”), introducing more flexibility in granting instalment arrangements to delinquent taxpayers.
The First Amendment to the Companies Act (Act Number 18/2024) (the “First Amendment”) was ratified on 18 September 2024.
Notably, the First Amendment revised the time frames within which companies incorporated in Maldives must convene extraordinary general meetings (EGMs).
The guide briefly looks at tax and import duty exemptions currently in place in the Maldives. It outlines the regulatory requirements for such exemptions, including application processes, prerequisites, compliance requirements, and circumstances for exemption termination.
This Advisory summarises the imperative aspects of the Minimum Wage Order gazetted by the Ministry of Economic Development on 8 November 2021.
This guide explains the rules regarding the collection, distribution and reporting of Service Charge as required by the Sixth Amendment to the Employment Act
This publication gives an overview of the imposition of Goods and Services Tax imposed under the GST Act.
The Third Amendment to the Tax Administration Regulation, granted the Maldives Inland Revenue Authority (“MIRA”) the right to enter into Advance Pricing Arrangements (“APA”) with taxpayers.
This article explores the current tax position on non-resident contractor payments.
With the Third Amendment to the Tax Administration Act, the Maldives Inland Revenue Authority (‘MIRA’) was granted the authority to regulate the submission of Country-by-Country Reports (CbCR) to the MIRA.
On 29 February 2021, the President’s Office issued a press release on seeking parliamentary consideration on joining the Convention on Mutual Administrative Assistance in Tax Matters.