The MIRA has issued announcements requesting taxpayers who do not fulfil tax registration requirements under the Tax Administration Act, or GST registration requirements to deregister from tax. The announcement, issued on 16 January 2019, reminds…
The Maldives Monetary Authority, on 17 January 2019, published the first amendment to the Regulation on Cross Border Currency Declaration Amount. The changes introduced now require passengers travelling with USD 20,000 or more, and are travelling…
Maldives Inland Revenue Authority (‘MIRA’) on 5 November 2020, published the Twenty Seventh Amendment to the Goods and Services Tax Regulation.
This advisory provides answers to some frequently asked questions on the collection and distribution of service charge, introduced by the 6th Amendment to the Employment Act.
We answer some of the FAQs on the application of service charge on tourism services, introduced by the 6th Amendment to the Employment Act.
An appeal where the Supreme Court considered when new evidence can be adduced during the appeal at the Supreme Court. The Court established the criteria that needs to be met before leave to adduce new evidence on an appeal can be granted.
A case in which the Supreme Court held that a taxpayer may challenge the MIRA's assessment even at the Civil Court, and that “other property” stated in Section 6(a)(1) of the BPT Act must be construed to include only tangible property.
This article explores the current tax position on providing pro bono legal services, giving a view that is critical for lawyers and policymakers.
This publication gives an overview of the Public Health Emergency Act 2020 published in the Government Gazette on 22 September 2020.
This publication gives an overview of the Sixth Amendment to the Employment Act that was published in the Government Gazette on 22 September 2020.
The Public Health Emergency Act was published on 22 September 2020 and sets out provisions with regard to special procedures needed to implement temporary measures and to facilitate smooth functioning of the state authorities in order to provide safety and assistance to the individuals, families and businesses during the period of state of public health emergency declared as a result of the ongoing the coronavirus COVID-19 pandemic.
From 1 October 2020 onwards, payments made to the MIRA exceeding MVR 100,000 and USD 5,000 must be paid via MIRAconnect, or using the Vaarupay card and MRTGS.