International Tax & Transfer Pricing

Businesses operating in global markets have many complex tax and legal issues that require a thorough knowledge on country-specific and international tax, legal and regulatory practices.

Our tax practice team consisting of professionals having extensive backgrounds in tax, law, accounting and finance assist multinational companies and local businesses with overseas interests to plan and comply with international taxation requirements. We also represent clients in cross-border tax controversies and advise on matters related to transfer pricing, as well as managing and resolving disputes arising from multi-jurisdictional business transactions.

With the support from our affiliated world’s leading transfer pricing experts and international tax specialists, our team adopts a multidisciplinary approach in dealing with matters related to international taxation.

Transfer Pricing

Transfer pricing has been the most critical issue arising in relation to tax audits for multinational companies and international hotels operating in the Maldives.

Leveraging from the strategic alliances formed with world’s leading transfer pricing firm, Duff & Phelps, we are well-positioned to assist clients with their transfer pricing requirements in the Maldives including the development of transfer pricing documentation (local file, master file, country-by-country report), benchmark analysis, and filing and negotiation of Advance Pricing Agreements.

Business Structuring

Our team often advises multinational businesses in structuring inbound and outbound tourism, construction and real estate investments, as well as joint ventures. We advice clients with regards to tax treaty issues, tax-efficient structuring and restructuring and reorganizing their business interests in the Maldives. We also offer guidance on matters involving planning cross-border M&A transactions as well.

The firm’s clients in this area of practice include world’s prominent hotel brands, infrastructure companies and Asia’s leading construction companies including publicly listed companies.

Tax Controversies

Our tax lawyers are supported by a dedicated team of tax advisors in representing clients before the MIRA, the Tax Appeal Tribunal and all levels of courts in the Maldives on matters involving cross-border transactions including transfer pricing issues. In recognition of our exceptional achievement in this area, the firm was ranked by AsiaLaw Profiles as Highly Recommended in Tax Disputes, and shortlisted in the International Tax Review as the Best Newcomer in Asia for its Asia Tax Award 2020.