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…
Overview of the 2nd Amendment to the Income Tax Regulation
This publication gives an overview of the Second Amendment to the Income Tax Regulation.
Government of Maldives has Announced IFBs For Development of Tourist Resorts
The Government of Maldives is seeking bids for the lease, development, operation and management of tourist resorts on several uninhibited islands and plots of lands on uninhabited islands in the Maldives.
Overview of the 4th Amendment to the Tax Administration Regulation
This publication gives an overview of the 4th Amendment to the Tax Administration Regulation of the Maldives
Guide on collection and distribution of service charge
This guide explains the rules regarding the collection, distribution and reporting of Service Charge as required by the Sixth Amendment to the Employment Act
Overview of the Goods and Services Tax Act
This publication gives an overview of the imposition of Goods and Services Tax imposed under the GST Act.
Advance Pricing Arrangement Regulation Published
The Third Amendment to the Tax Administration Regulation, granted the Maldives Inland Revenue Authority (“MIRA”) the right to enter into Advance Pricing Arrangements (“APA”) with taxpayers.
FREE Webinar on Service Charge
The webinar is targeted at employer, human resources personnel, and accountants in the tourism sector. The duration of the webinar is expected to be 1 houe. It will take place on 3 April 2020 at 3:00 pm.
The Chaotic Non-resident Contractor Tax Rules
This article explores the current tax position on non-resident contractor payments.
Country-by-Country Reporting Regulation Published
With the Third Amendment to the Tax Administration Act, the Maldives Inland Revenue Authority (‘MIRA’) was granted the authority to regulate the submission of Country-by-Country Reports (CbCR) to the MIRA.
President seeks Parliamentary consideration on joining the Convention on Mutual Administrative Assistance in Tax Matters
On 29 February 2021, the President’s Office issued a press release on seeking parliamentary consideration on joining the Convention on Mutual Administrative Assistance in Tax Matters.