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…
Overview of the First Amendment to the Income Tax Act
This publication gives an overview of the First Amendment to the Income Tax Act of the Maldives
General Employment Regulation
This Advisory summarises the imperative aspects of the General Employment Regulation gazetted by the Ministry of Economic Development on 9 May 2021.
Insight: Barefoot Noomadi Hotels v MIRA
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.
Overview of the 2nd Amendment to the Income Tax Regulation
This publication gives an overview of the Second Amendment to the Income Tax Regulation.
Overview of the 4th Amendment to the Tax Administration Regulation
This publication gives an overview of the 4th Amendment to the Tax Administration Regulation of the Maldives
Guide on collection and distribution of service charge
This guide explains the rules regarding the collection, distribution and reporting of Service Charge as required by the Sixth Amendment to the Employment Act
Overview of the Goods and Services Tax Act
This publication gives an overview of the imposition of Goods and Services Tax imposed under the GST Act.
Overview of Tenth Amendment to the Tourism Act
This publication gives an overview of the 10th Amendment to the Tourism Act.
Year in Review 2020
Our "Year in Review 2020" provides brief summaries of the key legal and tax developments through the year 2020, as the Maldives navigated its way through the COVID-19 pandemic. Some of the issues have also been addressed to in blog posts by our lawyers and tax advisors, and in a variety of our publications.
Overview of Third Amendment to Tax Administration Act
This publication gives an overview of the imposition of the Third Amendment to the Tax Administration Act, that was published in the Government Gazette on 16 December 2020.