Publications

Insight

Insight: ADK Enterprises v MIRA

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Summary On what basis should capital allowance be claimed for assets held at the commencement of the BPT Act? In the case of ADK Enterprises v MIRA1, the Tax Appeal Tribunal (“TAT”), by unanimous decision, has held that companies must claim capital…

Insight: Traders Hotel v MIRA

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Summary Sale of assets or a business combination? Is acquisition of leasehold rights eligible for capital allowance? In the case of Traders Hotel v MIRA1, the Tax Appeal Tribunal (“TAT”), by unanimous decision, upheld the decision of the MIRA…

Insight: Medianet Pvt Ltd v MIRA

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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…

Insight: Abdulla Shareef v MIRA

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Summary What triggers the time of supply? Can MIRA make an assessment based on information that is not provided by the taxpayer? In the case of Abdulla Shareef v MIRA1, the Tax Appeal Tribunal, by unanimous decision, held that the MIRA’s Notice…

HPL Resorts (Maldives) Pvt Ltd v MIRA

In the case of HPL v MIRA, the Tax Appeal Tribunal held that reimbursement of expenses made under management agreements are not subject to WHT unless they are for a service specifically stated in Section 6(a) of the BPT Act. The key point noted by the…