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…
Maldives Inland Revenue Authority (‘MIRA’) on 15 December 2020, published the Twenty Eight Amendment to the Goods and Services Tax Regulation.
On 26 November 2020, the Business Registration Regulation for Freight Forwarding Services was published. The Regulation aims to improve the quality of freight forwarding services in the Maldives and standardise the industry.
A case concerning the courts’ powers in granting interim injunction order in court actions related to arbitral proceedings, in which the High Court of the Maldives held that the Court has the same powers as the arbitral tribunal to render interim orders in such cases related to arbitral proceedings
On 26 November 2020, the Shipping Agency Regulation was published. The Regulation contains the standards and procedures to be followed by shipping agencies providing services to cargo vessels arriving to a Maldivian port.
This publication gives an overview of how Green Tax is imposed under the Maldives Tourism Act.
On 25 November 2020, the Second Amendment to the Immigration Act, amending the requirements for issuing the corporate resident visa, is published.
An appeal concerning the validity of a lease contract in which the Supreme Court held that the contract cannot be void or deemed voidable on the grounds that it impedes the obligations of a father to provide shelter to the child.
Maldives Inland Revenue Authority (‘MIRA’) on 5 November 2020, published the Twenty Seventh Amendment to the Goods and Services Tax Regulation.
We answer some of the FAQs on the application of service charge on tourism services, introduced by the 6th Amendment to the Employment Act.
An appeal where the Supreme Court considered when new evidence can be adduced during the appeal at the Supreme Court. The Court established the criteria that needs to be met before leave to adduce new evidence on an appeal can be granted.