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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 in the International Bar Association’s Minimum Standards of Judicial Independence (1982) and in the Basic…
BPT Treatment of Director's Remuneration
by Madeeh Ahmed, Senior Tax Advisor
The MIRA recently issued a tax ruling (TR-2019/B69 issued on 21 March 2019) which has changed its position on how director's remuneration is treated under the BPT Act in the hands of the recipient, and what constitutes…
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 can cost a lot in terms of money and other productive resources of the business. This is why…
Basic Tax and Legal Considerations When Buying a Business
by Ali Naeem, Counsel
Buying or selling a business is a complex transaction with many tax and legal variables to consider before you start negotiations and close the deal. Although the purchase terms are not solely driven by tax considerations, it…
Filing Tax Appeals and Objections: Important Considerations
by Ali Naeem, Counsel
The Tax Administration Act (TAA) lays out specific procedures to go about when you disagree with a decision made by the Maldives Inland Revenue Authority. The decisions that affect your business or tax liability are twofold -…