CTL Strategies is conducting a series of Webinars on the Income Tax Bill passed by the People’s Majlis on 4 December 2019. The Income Tax Bill have some far reaching implications on businesses in both a corporate profit tax, and personal income tax…

On 8 December 2019, the Fifth Amendment to the Constitution of the Maldives was published in the Government Gazette. The Amendment introduces some important changes to the local council electoral process. The Amendment amends subsections (a), (b) and…

Summary On what basis should capital allowance be claimed for assets held at the commencement of the BPT Act? In the case of ADK Enterprises v MIRA1, the Tax Appeal Tribunal (“TAT”), by unanimous decision, has held that companies must claim capital…

On 4 December 2019, the First Amendment to the Business Registration Act was published in the Government Gazette. The Amendment introduces some important changes for foreign parties interested in carrying on business in the Maldives, and for online businesses. According…

November 2019 - The Maldives High Court heard the appeals in three important employment related cases; Ahmed Hashim v Attorney General’s Office 2017/HC-A/186, Ismail Farish v Attorney General’s Office 2017/HC-A/187 and Ibrahim Khalid v State (Department…

The Income Tax Bill has been passed during the 74th session of the 19th People's Majlis on 4 December 2019 by a Majority vote of 67 members and 3 members against. The Bill was passed by the Members after incorporating a total of 25 amendments. These…

On 1 December 2019, the MIRA introduced the Third Amendment to the Enforcement Policy bringing some important changes that benefit enterprises carrying on business with the State, and also introduces new commitment payment rates and payment schedules…

by Nazahath Ahmed, Associate The Independence of the Judiciary is integral to the separation of powers and rule of law. The concept is set out in the International Bar Association’s Minimum Standards of Judicial Independence (1982) and in the Basic…