The Maldives Inland Revenue Authority has published Ruling G46 on 8 February 2018 which makes the  construction of housing projects under a social housing scheme, an exempt supply. To qualify that project as an exempt supply, the GST registered party…

A web-based seminar on "Recent Developments on GST and WHT" was held by CTL Strategies on 10 February 2018, which focused on some important changes to the Goods and Services Tax regime and Withholding Tax regime. The first of it's kind conducted by a…

The Maldives Inland Revenue Authority has published a Tax Ruling (Number TR-2017/G45) which amends Section 46 of the Goods and Services Tax Regulation. The Ruling introduces some important changes on rules for deducting input tax relating to capital expenditure…

CTL Strategies LLP has been ranked by AsiaLaw Profiles as one of the top-tier law firms in the Maldives. CTL Strategies has been highly recommended for their Taxation and Litigation practices and the team at CTL Strategies has been praised by their…

It is important to enlist the help of skilled counsel with experience in legal, administrative and, tax requirements when foreign investors establish themselves in the Maldives as their choice of business structure can have different tax and legal implications.…

The Ministry of Tourism, on 31 October 2017, published the 4th Amendment to Regulation Number 2010/R-14 (Grant of Rights – land and islands leased for tourism purposes) which, by effect of the Amendment, transfers fee impositions from Regulation Number…

The Maldives Inland Revenue Authority has published a Tax Ruling (Number TR-2017/G43) on 9 October 2017 which amends Section 54 of the Goods and Services Tax Regulation to allow complimentary supplies without any imposition of GST for a period of 7 days. Prior…

The High Court, on 4 October 2017, struck down the lower court’s decision to enforce a contract between J Hotels and Resorts Private Limited and the State. In the case decided by the Civil Court in favor of J Resorts, it was held that there was in…

CTL Strategies has concluded their second annual corporate retreat on 1st October 2017. The 4-day corporate retreat of CTL strategies was held on Fulhadhoo island, which lies on the outer rim of Baa Atoll – well known for its wealth of unique sea-life…