Insight: Abdulla Shareef v MIRA
Summary What triggers the time of supply? Can MIRA make an assessment based on information that is not provided by the taxpayer? In the case…
Entries by Husam Shareef
Construction Administration Regulation Published
On 11 March 2019, the “Construction Administration Regulation” was published in the Maldives Gazette. The Construction Administration Regulation, formulated under the Construction Act which was…
Seminar on Recent Developments in BPT and WHT
CTL Strategies is conducting a full day seminar on Recent Developments in BPT and WHT. The seven-hour seminar is designed to give participants an in-depth…
Online Payment Rules Amended for Certain Taxpayers
On 18 February, the MIRA published Tax Ruling 2019/A-18, which makes it mandatory for certain taxpayers to make payment of Goods and Services Tax, Withholding…
Income Tax to be Introduced from 2020
President Ibrahim Mohamed Solih has announced that income tax will be levied from next year onwards. During the presidential address given to Parliament on 7…
Disputing a Tax Assessment
by Ali Naeem, Counsel The main concern of any business these days is whether it has fully complied with the tax laws. Consequences of non-compliance…
Unsolicited Proposals Policy Introduced
On 28 January 2019, the President’s Office of the Republic of Maldives published the Unsolicited Proposals Policy, which sets outs the procedures under which private…
Tax Alert, 27 January 2019
This issue covers the most recent developments brought to the rules on Thin Capitalisation. Thin Capitalisation rules were initially introduced by the Maldives Inland Revenue…
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…
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…