With the Third Amendment to the Tax Administration Act, the Maldives Inland Revenue Authority (‘MIRA’) was granted the authority to regulate the submission of Country-by-Country Reports (CbCR) to the MIRA.
The Regulation on Pensionable Wage was gazetted on 25 February 2021. The primary objective of the Regulation is to provide for the requirements related to Pensionable Wage for the purposes of calculating contributions to Maldives Retirement Pension Scheme (MRPS).
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.