Posts
MIRA Calls Upon Taxpayers That Do Not Meet Registration Requirements to Deregister
The MIRA has issued announcements requesting taxpayers who do not fulfil tax registration requirements under the Tax Administration Act, or GST registration requirements to deregister from tax.
The announcement, issued on 16 January 2019, reminds…
Cash Declaration Limit Changed
The Maldives Monetary Authority, on 17 January 2019, published the first amendment to the Regulation on Cross Border Currency Declaration Amount.
The changes introduced now require passengers travelling with USD 20,000 or more, and are travelling…
Common compliance issues with Employee Withholding Tax
In this blog post, our partner and senior tax advisor Hamdhulla Hussain, focuses on analysing the practical issues faced by taxpayers in valuing benefits in kind and puts emphasis on the importance of providing clarity around the boundary between what constitutes taxable remuneration.
Basics of Claiming Input Tax on Capital Expenditure
In this series of Articles, our senior associate Hassan Shah, takes on a critical view on the complexity of the GST rules surrounding input tax in relation to capital expenditure and untangles it for you to walk you through its basics & computation.
Claiming income tax refund under the current PAYE mechanism
In this article, our associate Ali Muraadh takes on an analytical view on the ‘simple PAYE mechanism’ adopted in the Maldives and the impact it has on employees, including the potential eligibility for a tax refund.
General Employment Regulation
This Advisory summarises the imperative aspects of the General Employment Regulation gazetted by the Ministry of Economic Development on 9 May 2021.
The Chaotic Non-resident Contractor Tax Rules
This article explores the current tax position on non-resident contractor payments.
6th Amendment to the Employment Act: Application of Service Charge
This advisory provides answers to some frequently asked questions on the collection and distribution of service charge, introduced by the 6th Amendment to the Employment Act.
FAQs on Service Charge
We answer some of the FAQs on the application of service charge on tourism services, introduced by the 6th Amendment to the Employment Act.
Tax on Pro Bono Legal Services
This article explores the current tax position on providing pro bono legal services, giving a view that is critical for lawyers and policymakers.
The Ministry of Finance Issues a Circular on Deferment of Land Rent
The Ministry of Finance, on 28 June 2020, issued a Circular with details in implementing the deferment of land lease announced by the President during his public address on 20 May 2020. As per the Circular, resort land rent payments for the third and fourth quarter of 2020 has been deferred until 1 June 2021. Land rent payments other than resort land rent, that fall within the period 1 June 2020 to 31 December 2020 has also been deferred until 1 June 2021.
COVID-19: Tax Measures from Other Countries for Consideration
This article provides an overview of some of the tax measures undertaken by tax authorities globally and attempts to present a comparative analysis of these tax measures with the Maldivian tax system.