The Presidential Decree on Determining the Permitted Economic Activities and the Minimum Investment Threshold for Special Economic Zones was gazetted on 17 December 2023 revising the minimum investment threshold for special economic zones in Maldives.
The new Companies Act has been gazetted on 27 December 2023 and will be effective on 1 January 2024. The new Act introduces substantial changes to the company law landscape in Maldives bringing major developments that impact companies in Maldives. New compliance and regulatory requirements are also introduced under the new Act.
This blog article looks into the victory for taxpayers in the battle over tax cases being dismissed on the basis that the cases were filed out of time limit.
This blog article explores the change in the non-resident withholding tax position on non-resident contractor payments.
The Tourism Boundary Regulation introduced significant new changes to the provisions relating to the determination of boundaries of tourist establishments.