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…

Common compliance issues with Employee Withholding Tax

In this blog post, our partner and senior tax advisor Hamdhulla Hussain, focuses on analysing the practical issues faced by taxpayers in valuing benefits in kind and puts emphasis on the importance of providing clarity around the boundary between what constitutes taxable remuneration.

Basics of Claiming Input Tax on Capital Expenditure

In this series of Articles, our senior associate Hassan Shah, takes on a critical view on the complexity of the GST rules surrounding input tax in relation to capital expenditure and untangles it for you to walk you through its basics & computation.

FAQs on Service Charge

We answer some of the FAQs on the application of service charge on tourism services, introduced by the 6th Amendment to the Employment Act.

Tax on Pro Bono Legal Services

This article explores the current tax position on providing pro bono legal services, giving a view that is critical for lawyers and policymakers.

Calculating your interim payment for 2020

Income Tax Act has special rules on calculation of interim payment where a taxpayer estimates the tax liability of this year to be lower than that of the previous year. This article explains how these rules can be applied in practice.