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…
Tax Exemptions in the Maldives
The guide briefly looks at tax and import duty exemptions currently in place in the Maldives. It outlines the regulatory requirements for such exemptions, including application processes, prerequisites, compliance requirements, and circumstances for exemption termination.
30th Amendment to the GST Regulation
This Advisory guides you through the key changes introduced through the 30th amendment to the GST Regulation.
Overview of the Maldives-UAE DTA
This overview provides a brief analysis of the Maldives-UAE DTA. The key provisions of the DTA will be looked at, including the implications it has on enterprises attempting to make use of the treaty.
Beyond the Deadline: The End of the Battle Against Time Limit Calculation
This blog article looks into the victory for taxpayers in the battle over tax cases being dismissed on the basis that the cases were filed out of time limit.
MIRA’s Surprise Move on Non-Resident Contractor Withholding Tax
This blog article explores the change in the non-resident withholding tax position on non-resident contractor payments.
Maldives Bay Pvt Ltd v MIRA [2023] SC 12
A dispute arose between Maldives Bay Pvt Ltd and MIRA with regards to the applicable rate of GST to the supply of certain capital assets (which included sand barges and fire pumps) by Maldives Bay to Sanctuary Sands Maldives Pvt Ltd - the owner of the tourist resort.
Tax Alert, 2 April 2023
This issue of the Tax Alert focuses on the fee on plastic bags.
Year in Review 2022
Our "Year in Review 2020" provides brief summaries of the key legal and tax developments through the year 2020, as the Maldives navigated its way through the COVID-19 pandemic. Some of the issues have also been addressed to in blog posts by our lawyers and tax advisors, and in a variety of our publications.
Mohamed Yasir v Ibrahim Hassan [2023] SC 02
A case which provided further clarity to the principle of restitution for unjust enrichment under the law of equity. The Court further listed the conditions to be fulfilled in order to establish that a party has, in fact, gained an unjust enrichment.
Guidance on GST Rate Change
This Advisory guides you through any transitional issues that you may be facing with respect to the application of the correct GST rate - especially for transactions that straddle the effective date of rate change.