MIRA Calls Upon Taxpayers That Do Not Meet Registration Requirements to Deregister
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…
Cash Declaration Limit Changed
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…
Year in Review 2023
Year in Review 2023" is aimed at providing summaries of the key developments throughout the year in the area of civil law. Both legislative changes and some key judgments of the courts have been summarised in this regard.
Maldives Passions Pvt Ltd v MIRA [2023] SC 39
On 12 October 2023, the Supreme Court delivered its judgment in Maldives Passions Pvt Ltd v MIRA - a significant case concerning the parameters of the powers of the Tax Appeal Tribunal's (“TAT”) to decide cases and order for re-audits.
High Court Sets Precedent - Courts to Appoint A Litigation Friend To Represent Children and Protected Persons At Civil Proceedings
In the recent judgment of the High Court in Re Aishath Zaeema, the High Court established a pivotal precedent that is set to have huge implications on the rights of children and other protected persons who lack the capacity to represent themselves at court proceedings.
Policy on Recovery of Tax from Third Parties
The Policy on Recovery of Tax from Third Parties outlines the procedures through which MIRA can recover unpaid taxes, fines or other outstanding payments from third-parties as specified in Section 47 of the Tax Administration Act.
Tax Exemptions in the Maldives
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.
30th Amendment to the GST Regulation
This Advisory guides you through the key changes introduced through the 30th amendment to the GST Regulation.
Overview of the Maldives-UAE DTA
This overview provides a brief analysis of the Maldives-UAE DTA. The key provisions of the DTA will be looked at, including the implications it has on enterprises attempting to make use of the treaty.
Beyond the Deadline: The End of the Battle Against Time Limit Calculation
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.
MIRA’s Surprise Move on Non-Resident Contractor Withholding Tax
This blog article explores the change in the non-resident withholding tax position on non-resident contractor payments.
Maldives Bay Pvt Ltd v MIRA [2023] SC 12
A dispute arose between Maldives Bay Pvt Ltd and MIRA with regards to the applicable rate of GST to the supply of certain capital assets (which included sand barges and fire pumps) by Maldives Bay to Sanctuary Sands Maldives Pvt Ltd - the owner of the tourist resort.