Latest

News

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…

Insight: Medianet Pvt Ltd v MIRA

/
Summary The phrase “other property” in Section 6(a)(1) of the BPT Act should be construed to include only tangible property In the case of Medianet v MIRA1, the Tax Appeal Tribunal ("TAT"), by a majority decision of four to one, held that channel…

Maldives Signs Singapore Convention on Mediation

The Republic of Maldives, on 7 August 2019, was one of forty-six countries that signed the United Nations Convention on International Settlement Agreements Resulting from Mediation, in a ceremony held in Singapore. The Convention, which is widely regarded…

Government Proposes Major changes to the Tax Administration Act

The Attorney General has announced on 24th July 2019, that a bill has been sent to the President’s Office, proposing a number of amendments to the Tax Administration Act (Law Number 3/2010). As per the Attorney General’s Office, the purpose of…

Changes to the requirements to qualify as a MIRA Registered Auditor

On 11 July 2019, the MIRA published Tax Ruling 2019/B70 which amends Tax Ruling 2018/B63 (Submission of Financial Statements and Appointment of Auditors). While this amendment brought about some changes to specified criteria under requirements to be fulfilled…