Insights
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..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..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..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..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..Income Tax Regulations Issued
On 31 December 2019, the Maldives Inland Revenue Authority (MIRA) issued the Income Tax Regulations (Regulation No. 2019/R-1090), detailing the...
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