30th Amendment to the GST Regulation
This Advisory guides you through the key changes introduced through the 30th amendment to the GST Regulation.
Entries by Husam Shareef
Overview of the Maldives-UAE DTA
This overview provides a brief analysis of the Maldives-UAE DTA. The key provisions of the DTA will be looked at, including the implications it has on enterprises attempting to make use of the treaty.
Maldives Bay Pvt Ltd v MIRA [2023] SC 12
A dispute arose between Maldives Bay Pvt Ltd and MIRA with regards to the applicable rate of GST to the supply of certain capital assets (which included sand barges and fire pumps) by Maldives Bay to Sanctuary Sands Maldives Pvt Ltd – the owner of the tourist resort.
Tax Alert, 2 April 2023
This issue of the Tax Alert focuses on the fee on plastic bags.
Year in Review 2022
Our “Year in Review 2020” provides brief summaries of the key legal and tax developments through the year 2020, as the Maldives navigated its way through the COVID-19 pandemic. Some of the issues have also been addressed to in blog posts by our lawyers and tax advisors, and in a variety of our publications.
Sixth Amendment to the Grant of Rights Regulation
The First Amendment to the Regulation on Leasing Islands, Lands and Lagoons under Cross-Subsidisation for Tourism Purpose was gazetted on 21 December 2022.
Mohamed Yasir v Ibrahim Hassan [2023] SC 02
A case which provided further clarity to the principle of restitution for unjust enrichment under the law of equity. The Court further listed the conditions to be fulfilled in order to establish that a party has, in fact, gained an unjust enrichment.
The First Amendment to the Tourism Cross-Subsidisation Regulation
The First Amendment to the Regulation on Leasing Islands, Lands and Lagoons under Cross-Subsidisation for Tourism Purpose was gazetted on 21 December 2022.
29th Amendment to the Goods and Services Tax Regulation
On 27 November 2022, the 29th Amendment to the Goods and Services Tax Regulation (Regulation Number 2011/R-43) was published in the Government Gazette.
Seventh Amendment to Employment Act
The Seventh Amendment to the Employment Act (the “Seventh Amendment”), gazetted on 21 September 2022, removed the obligation on employers to pay minimum wage to expatriate employees in accordance with the Minimum Wage Order until a compliance date is announced by the Minister of Economic Development (the “Minister”).