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…
Third Amendment to the Income Tax Regulation
This Advisory summarises the key aspects of the Third Amendment to the Income Tax Regulation gazetted by the Maldives Inland Revenue Authority on 19 October 2021.
Establishment of a Minimum Wage
This Advisory summarises the imperative aspects of the Minimum Wage Order gazetted by the Ministry of Economic Development on 8 November 2021.
Overview of the First Amendment to the Income Tax Act
This publication gives an overview of the First Amendment to the Income Tax Act of the Maldives
General Employment Regulation
This Advisory summarises the imperative aspects of the General Employment Regulation gazetted by the Ministry of Economic Development on 9 May 2021.
Elections Commission v Mohamed Zahir
A case considering whether a breach of a regulation formulated by a state institution affects the validity of a contract with a third party. The Court also provided guidance regarding the presumption of bad faith of a contractual party.
MIRA v Maldives Quality Seafood Pvt Ltd
A case whereby the Supreme Court affirmed the High Court’s application of the rules on stay of enforcement orders laid down in the stay of enforcement order and overturned the Supreme Court’s Writ of Prohibition Number 2011/SC-SJ/04.
Impounding Passports in Civil Claims - An Exploration of the Legislative Framework & Current Practice
In this blog post, Nazaha Nasheed provides an analysis on the courts impounding passports in civil cases. She highlights the importance of having clearer rules in this area of law.
Insight: Barefoot Noomadi Hotels v MIRA
In the case of Barefoot Noomadi Hotel v MIRA, the TAT's decision is that commission payments made to Online Travel Agencies (“OTAs”) operating under the Merchant Model are not subject to Withholding Tax (“WHT”) under Section 6 of the BPT Act.
Overview of the 2nd Amendment to the Income Tax Regulation
This publication gives an overview of the Second Amendment to the Income Tax Regulation.