Insights

September 7, 2020

MIRA Granted Power to Request for Court Ordered Community Service for Traffic Violations

On 31 August 2020, the President ratified the Fourth Amendment to the Land Transport Act (Law Number 10/2020) (the Amendment),...

 More..
August 18, 2020

Mandatory online filing of interim return and payment of tax

On 17 August 2020, the Maldives Inland Revenue Authority (MIRA) issued Circular No. 220-TD/CIR/2020/07 which makes it mandatory for taxpayers...

 More..
June 17, 2020

COVID-19 Pandemic: Option to Pay Tourism GST in Rufiyaa

On 15 June 2020, the Minister of Finance announced that persons registered for tourism goods and services tax would have...

 More..
June 14, 2020

Transfer Pricing Regulations Issued

On 10 June 2020, the Maldives Inland Revenue Authority issued the Transfer Pricing Regulations (Regulation No. 2020/R-43), detailing the rules...

 More..

Amendments to the Export Import Act Proposed

On 9 June 2020, the government presented amendments to the Maldives’ Export Import Act to the parliament. Major provisions in...

 More..

COVID-19 Pandemic: Proposal to Postpone Commencement of Employee Withholding Tax and Payment of Interim Payments

On 8 June 2020, the government presented the Public Health Emergency Bill 2020 (the Bill) which proposes, among others, the...

 More..
April 19, 2020

COVID-19 Pandemic: Requirement for Notification of Election to Deduct Employee Withholding Tax Postponed

On 15 April 2020, the Maldives Inland Revenue Authority (MIRA) issued the Special Regulations on Income Tax (2020/R-25), postponing the...

 More..
April 12, 2020

Statutory Audit Regulations Issued

On 18 March 2020, the Auditor General’s Office (AGO) issued the Regulations on Statutory Audit Services in the Maldives (Regulation...

 More..
April 11, 2020

Revised Income Tax Regulations Issued

On 10 March 2020, the Maldives Inland Revenue Authority (MIRA) issued the Income Tax Regulations (2020/R-21) (the Regulations), replacing the...

 More..
April 6, 2020

Employee Withholding Tax Comes into Effect

On 1 April 2020, the employee withholding tax (EWT) regime introduced by the Income Tax Act came into effect. The...

 More..
Would you like to speak to one of our tax advisors? Just submit your contact details and we will be in touch shortly. Contact Us