Bunny Holdings (BVI) Ltd v MIRA [2024] SC 55

In the case of Bunny Holdings (BVI) Ltd v MIRA [2024] SC 55, the Supreme Court of the Maldives ruled upon the applicability of Goods and Services Tax (“GST”) on the long-term leasing of villas on strata basis, as well as the validity of an Audit Notice issued by the Maldives Inland Revenue Authority (“MIRA”).

Our Case Brief provides a comprehensive summary of the court’s decision, which clarifies the parameters for GST application on long lease of villas on a strata basis and the validity of audit notices issued by MIRA. This ruling has significant implications for compliance practices among other entities in similar circumstances.

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