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…
COVID-19 and Voluntary Liquidation
COVID-19 pandemic may force some companies to file for liquidation. This article summarises the procedures to be followed in such a voluntary liquidation.
COVID-19: Tax Considerations for Individuals & Businesses
As the COVID-19 pandemic continues, businesses and individuals will inevitably undergo its unprecedented impacts. With this in perspective, this post will present to you the tax concessions and options that are currently available to taxpayers in the Maldives.
COVID-19: Rights and Obligations of Healthcare Professionals in a Pandemic
Considering the impact of this COVID-19 Pandemic globally, and the possible strains it could have on the health care system of Maldives, this post looks at rights and responsibilities of healthcare workers.
COVID-19: Employment Retention Measures – Lessons from Other Countries
This article explores in detail decisive measures introduced and implemented by governments worldwide to help businesses to retain their employees.
COVID-19: An opportune to introduce Unemployment Benefit Schemes?
This write-up explores the factors useful to consider in providing unemployment benefits, challenges that may come across and the approaches in practice in other jurisdictions.
COVID-19 FAQs: Employment Matters
Here we provide answers to some of the important Frequently Asked Question on the rights employees may have in dire situations like the current COVID-19 pandemic situation.
COVID-19 FAQs: Taxes & Fees
Here we provide answers to some of the questions questions with respect to your tax affairs and how the COVID-19 pandemic would have an impact on you as a taxpayer.
When Done Right, Defamation Laws – A Necessary Curb on Free Speech
by Mariyam Naufa, Associate
Without fail, every time you make the mistake of skimming through the headlines of Maldivian news articles or slide into the political Twitter, which more often feels like a cesspool of mean teenagers on a contest to win…
Judicial Impeachment: Some Reflections and the Maldivian Context
by Nazahath Ahmed, Associate
The Independence of the Judiciary is integral to the separation of powers and rule of law. The concept is set out in the International Bar Association’s Minimum Standards of Judicial Independence (1982) and in the Basic…
BPT Treatment of Director's Remuneration
by Madeeh Ahmed, Senior Tax Advisor
The MIRA recently issued a tax ruling (TR-2019/B69 issued on 21 March 2019) which has changed its position on how director's remuneration is treated under the BPT Act in the hands of the recipient, and what constitutes…