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FAQs on Service Charge
We answer some of the FAQs on the application of service charge on tourism services, introduced by the 6th Amendment to the Employment Act.
Tax on Pro Bono Legal Services
This article explores the current tax position on providing pro bono legal services, giving a view that is critical for lawyers and policymakers.
Interest limitation rules under the Income Tax Act
This article explains the interest limitation rules under the Maldives Income Tax Act, with specific focus on thin capitalisation rules, 6% rate cap, and transfer pricing.
COVID-19: Tax Measures from Other Countries for Consideration
This article provides an overview of some of the tax measures undertaken by tax authorities globally and attempts to present a comparative analysis of these tax measures with the Maldivian tax system.
Calculating your interim payment for 2020
Income Tax Act has special rules on calculation of interim payment where a taxpayer estimates the tax liability of this year to be lower than that of the previous year. This article explains how these rules can be applied in practice.