November 14, 2024

New Amendments Push Up Tax Rates

On 5 November 2024, significant amendments to the Tourism Goods and Services Tax (TGST), Green Tax (GRT), and Airport Taxes...

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October 8, 2024

New Foreign Currency Regulation in the Maldives: What You Need to Know

Effective Date: 1 October 2024 Key Provisions Mandatory Use of Maldivian Rufiyaa Foreign Income Depositing and Exchange Rules Banking Obligations...

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Major Changes to Money Changing Regulations in the Maldives: What You Need to Know

Effective Date: 1 October 2024 The Maldives has introduced significant changes to the money changing regulations, impacting businesses involved in...

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November 28, 2022

GST rates are to be changed from January 2023

The Sixth Amendment to the Goods and Services Tax Act (Law Number 20/2022) has been ratified by the President of...

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June 9, 2021

Extension of Deadline for Filing Income Tax Returns and Payment of Income Tax

Maldives Inland Revenue Authority (MIRA) has announced on 07 June 2021 that the deadline for filing and payment of income...

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