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Regulation on the Classification of SMEs
The Regulation provides further details on the registration and classification of SMEs.
Fourth Amendment to the Regulation on the Operation of Guesthouses
The Fourth Amendment to the Regulation on the Operation of Guesthouses was published on 30 December 2021, beginning a new chapter for Maldivian tourism sector. Under the Amendment, it is now permitted to establish homestay tourist guesthouses in residential…
Maldives Energy Act
The law introduces a new licensing regime to regulate the energy sector of Maldives and repeals the Utility Services Act
Maldives and Bangladesh Signs Double Tax Avoidance Agreement
On 23 December 2021, the Maldives and Bangladesh signed a Double Tax Avoidance Agreement (DTAA).The signing took place during a ceremony held in the President's Office.
Establishment of a Minimum Wage
This Advisory summarises the imperative aspects of the Minimum Wage Order gazetted by the Ministry of Economic Development on 8 November 2021.
The Maldives signs the Convention on Mutual Administrative Assistance in Tax Matters
The Maldives is now a signatory to the Convention on Mutual Administrative Assistance in Tax Matters (MAAC). The signing took place on 11 August 2021, at the ceremony held at OECD Headquarters in Paris.
Overview of the First Amendment to the Income Tax Act
This publication gives an overview of the First Amendment to the Income Tax Act of the Maldives
General Employment Regulation
This Advisory summarises the imperative aspects of the General Employment Regulation gazetted by the Ministry of Economic Development on 9 May 2021.
Elections Commission v Mohamed Zahir
A case considering whether a breach of a regulation formulated by a state institution affects the validity of a contract with a third party. The Court also provided guidance regarding the presumption of bad faith of a contractual party.