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 from tax.
The announcement, issued on 16 January 2019, reminds…
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 require passengers travelling with USD 20,000 or more, and are travelling…
Tourism Land Rent for the Next two Quarters to be Deferred
On 20 May 2020, President Ibrahim Mohamed Solih, during a public address, announced the government's intention to defer land lease payments for tourist resorts for a six month period.
COVID-19 and Voluntary Liquidation
COVID-19 pandemic may force some companies to file for liquidation. This article summarises the procedures to be followed in such a voluntary liquidation.
COVID-19: Tax Considerations for Individuals & Businesses
As the COVID-19 pandemic continues, businesses and individuals will inevitably undergo its unprecedented impacts. With this in perspective, this post will present to you the tax concessions and options that are currently available to taxpayers in the Maldives.
COVID-19: Rights and Obligations of Healthcare Professionals in a Pandemic
Considering the impact of this COVID-19 Pandemic globally, and the possible strains it could have on the health care system of Maldives, this post looks at rights and responsibilities of healthcare workers.
COVID-19: Employment Retention Measures – Lessons from Other Countries
This article explores in detail decisive measures introduced and implemented by governments worldwide to help businesses to retain their employees.
COVID-19: An opportune to introduce Unemployment Benefit Schemes?
This write-up explores the factors useful to consider in providing unemployment benefits, challenges that may come across and the approaches in practice in other jurisdictions.
COVID-19 FAQs: Employment Matters
Here we provide answers to some of the important Frequently Asked Question on the rights employees may have in dire situations like the current COVID-19 pandemic situation.
COVID-19 FAQs: Taxes & Fees
Here we provide answers to some of the questions questions with respect to your tax affairs and how the COVID-19 pandemic would have an impact on you as a taxpayer.
COVID-19: Workforce Restructuring
by Rafa Rasheed
Prelude
In connection with the COVID-19 pandemic, many businesses are considering, or have already reduced their workforce due to the interruption of business operations as a result of measures implemented by the government or due…
President Ratifies amendment to Anti-Human Trafficking Act
President Solih, on 29 March 2020, ratified the first amendment to the Maldives Anti-Human Trafficking Act.
The amendment brings changes to section 60(b) of the Act - composition of the National Anti-Human Trafficking Steering Committee. Prior to…