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…

Enforcement Policies of MIRA

This Advisory summarises the key aspects of the recent enforcement policies published by the MIRA.

Third Amendment to the Income Tax Regulation

This Advisory summarises the key aspects of the Third Amendment to the Income Tax Regulation gazetted by the Maldives Inland Revenue Authority on 19 October 2021.

Establishment of a Minimum Wage

This Advisory summarises the imperative aspects of the Minimum Wage Order gazetted by the Ministry of Economic Development on 8 November 2021.

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.

COVID-19: Revised Deadlines for Taxes and Fees

This advisory provides an overview of the announcements by MIRA and other government authorities with respect to the new deadlines for filing and making payment of taxes and fees.

COVID-19: Income Support Allowance Scheme

This advisory provides an overview of the key parts of the guidance document on the Income Support Allowance Scheme published by the President's Office.

COVID-19 Economic Relief Package

On 7 April 2020, the Ministry of Finance issued a press release with the details of the COVID-19 Economic Relief Package offered by the Government. This advisory summarises the said press release.