Posts

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…

Tax Implications of the Employee’s Income Tax Borne by the Employer

Some employers may decide to pay income tax on behalf of the employee. In some jurisdictions, such tax payments made by the employer are not considered as a taxable benefit. The case, however, is not the same in the Maldives. This article illustrates how this applies in practice, and how it affects the tax liability of the employee.

Public Health Emergency Bill 2020 Submitted to Parliament

The Public Health Emergency Bill 2020 submitted by the government broadly aims to ensure housing protections, rights of employees, and address financial assistance and tax reliefs to counteract the impact of the #COVID19 pandemic.

COVID-19 and Voluntary Liquidation

COVID-19 pandemic may force some companies to file for liquidation. This article summarises the procedures to be followed in such a voluntary liquidation.

COVID-19: Tax Considerations for Individuals & Businesses

As the COVID-19 pandemic continues, businesses and individuals will inevitably undergo its unprecedented impacts. With this in perspective, this post will present to you the tax concessions and options that are currently available to taxpayers in the Maldives.

COVID-19 FAQs: Employment Matters

Here we provide answers to some of the important Frequently Asked Question on the rights employees may have in dire situations like the current COVID-19 pandemic situation.

COVID-19 FAQs: Taxes & Fees

Here we provide answers to some of the questions questions with respect to your tax affairs and how the COVID-19 pandemic would have an impact on you as a taxpayer.