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Updates
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.
MIRA v Maldives Quality Seafood Pvt Ltd
A case whereby the Supreme Court affirmed the High Court’s application of the rules on stay of enforcement orders laid down in the stay of enforcement order and overturned the Supreme Court’s Writ of Prohibition Number 2011/SC-SJ/04.
Impounding Passports in Civil Claims - An Exploration of the Legislative Framework & Current Practice
In this blog post, Nazaha Nasheed provides an analysis on the courts impounding passports in civil cases. She highlights the importance of having clearer rules in this area of law.
Insight: Barefoot Noomadi Hotels v MIRA
In the case of Barefoot Noomadi Hotel v MIRA, the TAT's decision is that commission payments made to Online Travel Agencies (“OTAs”) operating under the Merchant Model are not subject to Withholding Tax (“WHT”) under Section 6 of the BPT Act.