Insights
Income Tax Act Enacted
On 17 December 2019, the Income Tax Act came into effect upon its ratification by the President. The Act introduces...
More..MIRA Relaxes Enforcement Procedures
On 1 December 2019, the Maldives Inland Revenue Authority (MIRA) issued the Third Amendment to the Enforcement Policy, relaxing several...
More..Competition Bill Presented to Parliament
On 27 November 2019, the Government presented the Competition Bill (“the Bill”) to the Parliament. The Bill, which is intended...
More..Proposal to Introduce a Departure Tax and increase the Airport Development Fee
On 7 December 2019, the Government presented amendments to the Airport Taxes and Fees Act to the Parliament. The Airport...
More..Chartered Accountants Bill Presented to Parliament
On 7 December 2019, the Maldives Chartered Accountants Bill (“the Bill”) was presented to the Parliament. The Bill proposes to...
More..Budget for 2020 Passed by Parliament
On 5 December 2019, the Parliament voted on and passed the Budget for 2020, which was presented to the Parliament...
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