President ratifies Income Tax Bill into law
On 17 December 2019, President Ibrahim Mohamed Solih has ratified the Income Tax Bill into law. The Income Tax Act, marks the introduction of tax…
Entries by Husam Shareef
CTL Strategies to Host a Series of Webinars on Income Tax
CTL Strategies is conducting a series of Webinars on the Income Tax Bill passed by the People’s Majlis on 4 December 2019. The Income Tax…
President Ratifies Act on Control of Agricultural Pesticides
On 9 December 2019, the President ratified the Control of Pesticides Used for Agricultural Purposes Act. The Act introduces a broad framework for the import,…
Fifth Amendment to the Maldives Constitution Ratified
On 8 December 2019, the Fifth Amendment to the Constitution of the Maldives was published in the Government Gazette. The Amendment introduces some important changes…
Insight: ADK Enterprises v MIRA
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…
First Amendment to the Business Registration Act Ratified
On 4 December 2019, the First Amendment to the Business Registration Act was published in the Government Gazette. The Amendment introduces some important changes for…
Redundancy Dismissals: Fairness And Genuineness Should Be Established – High Court Rules
November 2019 – The Maldives High Court heard the appeals in three important employment related cases; Ahmed Hashim v Attorney General’s Office 2017/HC-A/186, Ismail Farish…
Income Tax Bill Passed by Majlis
The Income Tax Bill has been passed during the 74th session of the 19th People’s Majlis on 4 December 2019 by a Majority vote of…
MIRA Amends Enforcement Policy, Introduces New Instalment Schedules
On 1 December 2019, the MIRA introduced the Third Amendment to the Enforcement Policy bringing some important changes that benefit enterprises carrying on business with…
Judicial Impeachment: Some Reflections and the Maldivian Context
by Nazahath Ahmed, Associate The Independence of the Judiciary is integral to the separation of powers and rule of law. The concept is set out…