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…
The Maldives is now a signatory to the Convention on Mutual Administrative Assistance in Tax Matters (MAAC). The signing took place on 11 August 2021, at the ceremony held at OECD Headquarters in Paris.
This publication gives an overview of the First Amendment to the Income Tax Act of the Maldives
This Advisory summarises the imperative aspects of the General Employment Regulation gazetted by the Ministry of Economic Development on 9 May 2021.
A case considering whether a breach of a regulation formulated by a state institution affects the validity of a contract with a third party. The Court also provided guidance regarding the presumption of bad faith of a contractual party.
A case whereby the Supreme Court affirmed the High Court’s application of the rules on stay of enforcement orders laid down in the stay of enforcement order and overturned the Supreme Court’s Writ of Prohibition Number 2011/SC-SJ/04.
In this blog post, Nazaha Nasheed provides an analysis on the courts impounding passports in civil cases. She highlights the importance of having clearer rules in this area of law.
In the case of Barefoot Noomadi Hotel v MIRA, the TAT's decision is that commission payments made to Online Travel Agencies (“OTAs”) operating under the Merchant Model are not subject to Withholding Tax (“WHT”) under Section 6 of the BPT Act.
This publication gives an overview of the Second Amendment to the Income Tax Regulation.
The Government of Maldives is seeking bids for the lease, development, operation and management of tourist resorts on several uninhibited islands and plots of lands on uninhabited islands in the Maldives.
This publication gives an overview of the 4th Amendment to the Tax Administration Regulation of the Maldives