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Goods Imported on Behalf of a Third Party Subject to GST

The MIRA has published a circular concerning the GST implications for businesses that import goods on behalf of a third party. The circular reminds GST registered businesses that importing goods on behalf of a third party shall be considered as a sale…

Agoda payments now subject to WHT

Maldives Inland Revenue Authority has issued a circular instructing taxpayers to pay withholding tax on payments made to all online travel agencies (OTAs), regardless of the arrangement agreed with the OTAs. As per the circular, the new rule comes into…

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…

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…

MIRA to introduce Advance Pricing Agreements

The Maldives Inland Revenue Authority (MIRA) has announced that Advance Pricing Agreements (APAs) between taxpayers and MIRA will be introduced this year. This announcement was made by the Commissioner General of Taxation in his speech at the function…

Smart Start Internship Program

Welcome to the CTL Smart Start Internship Program. The program is mainly intended for students interested in pursuing a career in the practice of taxation or tax law. Students with interests in other areas also can participate in the program. The program…