This publication gives an overview of the imposition of Goods and Services Tax imposed under the GST Act.

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.

This article explores the current tax position on non-resident contractor payments.

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.

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.

The Regulation on Pensionable Wage was gazetted on 25 February 2021. The primary objective of the Regulation is to provide for the requirements related to Pensionable Wage for the purposes of calculating contributions to Maldives Retirement Pension Scheme (MRPS).

CTL Strategies has been ranked in the 2021 edition of Chambers and Partners, which is often regarded as the “gold standard” in the legal profession.

On 25 February 2021, the Travel Agency Regulation was gazetted, replacing the regulation that was in place since 2006. The new regulation introduces new rules for both foreign and local tour agencies.