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…
First Amendment to SEZ Act Introduces New Property Transfer Tax
The First Amendment to the Special Economic Zones Act was ratified on 10 November 2025, introducing noteworthy tax implications for SEZ developers and investors including introduction of a new property transfer tax on strata title transactions.
16th Amendment to the Maldives Tourism Act
The 16th Amendment to the Tourism Act was gazetted on 6 December 2025 introducing new changes to the Tourism Act. The new changes include the establishment of Tourism Training Resorts as a new category of tourism establishments.
MIRA Publishes Third Amendment to the Instalment Policy
On 22 October 2025, the Maldives Inland Revenue Authority (“MIRA”) has published the Third Amendment to the Instalment Policy (the “Amendment”), introducing more flexibility in granting instalment arrangements to delinquent taxpayers.
Maldives Introduces New Trademark Registration Regime
The Trademark Act was gazetted on 11 November 2025, establishing a statutory framework for the registration and protection of trademarks in the Maldives for the first time. This development strengthens the protection of intellectual property rights in the Maldives addressing a previously unregulated area of intellectual property law in. Maldiv.
New Foreign Investment Entry Requirements Published
On 4 August 2025, the Ministry of Tourism and Environment gazetted the Regulation on the Advertising of Establishments that Provide Services to Tourists in the Maldives, which took effect immediately. The Regulation expands on the new advertising rules that were introduced under the 15th Amendment to the Maldives Tourism Act.
Regulation on the Advertising of Establishments that Provide Services to Tourists in the Maldives
On 4 August 2025, the Ministry of Tourism and Environment gazetted the Regulation on the Advertising of Establishments that Provide Services to Tourists in the Maldives, which took effect immediately. The Regulation expands on the new advertising rules that were introduced under the 15th Amendment to the Maldives Tourism Act.
MIRA Publishes Second Amendment to the Instalment Policy
On 25 March 2025, MIRA published the 2nd Amendment to the Instalment Policy, which addresses the requirements for entering into multiple installment agreements and implements stricter rules for installment plans related to taxes assessed during investigations.
Maldives and Hong Kong Signs Double Tax Avoidance Agreement
Hong Kong and the Maldives signed a Double Tax Avoidance Agreement on 26 May 2025. The agreement clarifies tax allocation between the two countries and includes provisions for information exchange and cooperation to combat tax evasion.
MIRA Publishes New Income Tax Guide on Director's Current Account Debit Balances
On 16 March 2025, the MIRA issued an Income Tax Guide on Director's Current Account Debit Balances, providing clarification on the tax treatment of financial transactions between companies and their directors.
Overview of the Maldives-Bangladesh DTA
The overview on the Maldives-UAE Double Tax Agreement will examine the key provisions of the DTA and the implications it has for businesses seeking to benefit from the treaty.