Maldives Inland Revenue Authority (‘MIRA’) on 20 July 2020, published the First Amendment to the Income Tax Regulation.

On 15 July 2020, the Supreme Court of Maldives gave its judgment in the case of Guleyfa Mohamed v Adam Haleem, which originated from a residential tenancy dispute involving non-payment of rent. The Court agreed with the lower court's decision not to award compensatory damages.

CTL Strategies has been selected by asialaw as one of the shortlisted candidates for Maldives Firm of the Year for the asialaw Awards 2020.

This publication gives an overview of the Bill on the Eighth Amendment to the Employment Act that the Maldivian Government has submitted to the People’s Majlis.

On 6 July 2020, the Maldives High Court gave its judgment in the appeal filed by Hilton International Manage (Maldives) Pvt Ltd against Sun Travel and Tours Pvt Ltd. The Court struck down the Civil Court’s decision to award damages to Sun Travel & Tours.

This article explains the interest limitation rules under the Maldives Income Tax Act, with specific focus on thin capitalisation rules, 6% rate cap, and transfer pricing.

In the case of Moosa Naseer v Maldives Inland Revenue Authority (MIRA), the Supreme Court, on 22 June 2020, passed judgment in favour of Moosa Naseer in a case that, inter alia challenged the MIRA's power to initiate legal proceedings for the recovery of unpaid land rent and fines pursuant to an agreement between the Ministry of Fisheries, Agriculture and Marine Resources (‘MoFAMR’) and Moosa Naseer.

On 6 July 2020, the Maldives High Court gave its judgment in the appeal filed by Hilton International Manage (Maldives) Pvt Ltd against Sun Travel and Tours Pvt Ltd. The Court struck down the Civil Court’s decision to award damages to Sun Travel & Tours.

An Amendment to the Public Finance Regulation is published by the Ministry of Finance, which states that non-tax amounts specified in the Regulation will be collected by the MIRA.