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…

New Commissioner General Appointed to MIRA

On 31 October, President Ibrahim Solih, appointed Fathuhulla Jameel as Commissioner General of Taxation and Asma Shafeeu as Deputy Commissioner General of Taxation. Fathuhulla, a veteran in the field of revenue and taxation, was among several applicants…

New Commissioner General Approved by Majilis

On 28 October 2019, the People’s Majilis approved Fathuhulla Jameel as the new Commissioner General of Taxation of the Maldives Inland Revenue Authority.  Following the second amendment to the Tax Administration Act, a new Commissioner General was…

Dangerous Chemicals Regulation Published

On 23 September 2019, the “Dangerous Chemicals Regulation” was published in the Government Gazette. The Regulation sets out procedures on the import, storage, sale and disposal of dangerous chemicals.  The Regulation was published under special…

Supreme Court Makes Landmark Decision on Medical Negligence

The Supreme Court of Maldives, on 25 July 2019, has ruled against the State (Ministry of Health) and held that medical negligence was manifest in the treatment administered to Aishath Iyan Ihsan which consequently left her deaf. The appeal filed by the…

Tribunal Declares MIRAs Decision Invalid, Orders Re-audit

On 15 May 2019, the Tax Appeal Tribunal decided, by way of majority decision, in favor of the Appellant, Maldives Passions Private Limited and ordered the MIRA to re-audit the taxable periods under dispute in the appeal case. The Tribunal, with a majority…

Dues Must be Settled Prior to Amending State Agreements

The Ministry of Finance, on 21 April 2019, issued a circular pertaining to procedures to be followed by state offices prior to taking any action which may impact revenue. The circular indicates that an agreement entered into by a state office, under…

High Court Confirms TAT Ruling on Third Party Payments

The High Court of Maldives has upheld the Tax Appeal Tribunal’s decision on a case which focused on the subjectivity of withholding tax on payments made by a person other than the taxpayer. On 23 November 2016, the High Court of Maldives upheld…

Remittance tax on expatriates to be introduced

The President, on Thursday has ratified a bill that imposes a remittance tax of 3% on the money transferred abroad by expatriate workers, effective from 1 October 2016. This Act, passed as the fifth amendment to the Maldives Employment Act, mandates…

MIRA to collect Green Tax from Guesthouses starting 1st October 2016

Guesthouses will be charged Green Tax on tourists for each day of their stay starting from 1 October 2016, under the eighth amendment to the Maldives Tourism Act published in the Government Gazette on 10 July 2016. Green Tax for all other tourist establishments…

Tax Ruling issued on the GST treatment of imported goods

A Tax Ruling has been issued by the Maldives Inland Revenue Authority (MIRA) on 8 August 2016 clarifying the GST treatment of imported goods. The Ruling explains the GST treatment when goods are imported to Maldives under an import license (regardless…