New Ruling Changes Complimentary Services Rules
The Maldives Inland Revenue Authority has published a Tax Ruling (Number TR-2017/G43) on 9 October 2017 which amends Section 54 of the Goods and Services…
Entries by Husam Shareef
High Court Rules Laamu Asseyri Project Contract Void
The High Court, on 4 October 2017, struck down the lower court’s decision to enforce a contract between J Hotels and Resorts Private Limited and…
CTL Strategies Concludes Second Annual Corporate Retreat
CTL Strategies has concluded their second annual corporate retreat on 1st October 2017. The 4-day corporate retreat of CTL strategies was held on Fulhadhoo island,…
CTL Strategies Appointed as Gold 100 Evaluators
CTL Strategies LLP has been appointed as the evaluators of Gold 100, 2017. Gold 100, which is a feature on the leading business enterprises in…
Tax Alert, 17 SEPTEMBER 2017
This issue covers the following: 1.Tax Ruling G42, which amends the GST registration requirements for taxable activities in the general sector, which are run by…
Focus, 17 SEPTEMBER 2017
This first issue of Focus is on the requirements of the Directors’ Report that has to be submitted under the Companies Act of the Maldives…
Mandatory General GST Registration for Tourism GST Registrants
The Maldives Inland Revenue Authority has published Ruling G42 on 7 September 2017 which amends Section 11 of the Goods and Services Tax Regulation. The…
Surcharges Not in Purview of Tax Rules Supreme Court
by Fathuhulla Ismail, Counsel Supreme Court of the Maldives on 20 March 2017 has decided ADK Trade and Shipping Pvt Ltd v State (Maldives Customs…
Apex Court Upholds Prospective Application of Law in Civil Matters
by Fathuhulla Ismail, Counsel The Elections Commission of the Maldives filed a case with the Supreme Court against Fareedha Umar, a candidate of Jumhooree Party…
Land Sale Regulation Grants the Minister Power to Set Minimum Tax
The Ministry of Housing and Infrastructure, on 15 August 2017, published the 2nd Amendment to the “Regulation on Privatising and the Sale and Purchase of…