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…
Income Tax Bill Proposes Significant Changes to Non-Resident Contractor Payments
On 16 August 2026, the Government submitted to the People’s Majlis the Bill on Second Amendment to the Income Tax Act. The proposed amendment introduces significant changes to the taxation of non-resident contractor payments, including an increased non-resident withholding tax rate, an expanded definition and mandatory gross-basis taxation for non-resident contractors.
Proposed Eighth Amendment to the GST Act Advances the Destination Principle and Introduces New Rules for Inbound Tourism Products
On 15 August 2026, the Government submitted to the People’s Majlis the Bill on Eighth Amendment to the Goods and Services Tax Act. The Bill proposes a number of material changes to the existing GST framework, with a key objective of advancing the implementation of the destination principle and bringing within the scope of Maldivian GST supplies made by foreign tour operators and travel agencies. The Bill also seeks to strengthen the GST regime through a number of structural amendments and technical corrections to the existing provisions of the Act.
9th Amendment to the Employment Act
On 14 March 2026, the 9th Amendment to the Employment Act was enacted into law, introducing some significant changes.
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.