On 28 March 2019, the third amendment to the Import, Export and Re-export of Goods Regulation was published in the Government Gazette. As per the amendment to the Regulation, enterprises that import, export and re export are now, no longer required…

On 21 March 2019, the MIRA published Tax Ruling TR-2019/B69 which amends Tax Ruling TR-2018/B65 (Employment Under a Contract of Service). The ruling now classifies remuneration paid by a company to a director partnership to a partner, a trust or body…

Summary What triggers the time of supply? Can MIRA make an assessment based on information that is not provided by the taxpayer? In the case of Abdulla Shareef v MIRA1, the Tax Appeal Tribunal, by unanimous decision, held that the MIRA’s Notice…

On 11 March 2019, the “Construction Administration Regulation” was published in the Maldives Gazette. The Construction Administration Regulation, formulated under the Construction Act which was promulgated on 23 April 2017, largely deals with procedural…

CTL Strategies is conducting a full day seminar on Recent Developments in BPT and WHT. The seven-hour seminar is designed to give participants an in-depth understanding of the BPT and WHT regimes, including the recent updates to those regimes via Tax…

On 18 February, the MIRA published Tax Ruling 2019/A-18, which makes it mandatory for certain taxpayers to make payment of Goods and Services Tax, Withholding Tax, and Business Profit Tax, via the MIRAconnect online portal or MRTGS. The ruling makes…

President Ibrahim Mohamed Solih has announced that income tax will be levied from next year onwards. During the presidential address given to Parliament on 7 February 2019, the President announced that income tax will be levied on high income earners.…

by Ali Naeem, Counsel The main concern of any business these days is whether it has fully complied with the tax laws.  Consequences of non-compliance can cost a lot in terms of money and other productive resources of the business. This is why…

On 28 January 2019, the President's Office of the Republic of Maldives published the Unsolicited Proposals Policy, which sets outs the procedures under which private sector parties can propose projects that align with the government's strategic development…