CTL Strategies Conducts Seminar on Withholding Tax for Tourism Professionals

A seminar on “Contemporary Issues on Withholding Tax in the Tourism Industry” was conducted by CTL Strategies on 12 August 2017. The seminar held at...

Changes in the Requirements of Directors Report by Economic Ministry

The Ministry of Economic Development on 5 June 2017 published a guideline that sets out the requisite information to be included in the Directors...

Small Businesses required to submit GST return online

The Maldives Inland Revenue Authority has published a ruling on 5 June 2017 which makes it mandatory for certain businesses to submit their General...

CMDA Issues Custodian License to Bank of Mauritius

Capital Market Development Authority (CMDA) has issued a license to provide custodial services to Mauritius Commercial Bank Maldives Private Limited (MCB) today. The license was...

384 Dormant Accounts at Bank of Ceylon Announced, Funds to be transferred to MMA...

Bank of Ceylon has identified and announced 384 accounts which have had no activity for the past 5 years, to be closed and all...

Economic Ministry Winding Up over 6000 Companies

The Ministry of Economic Development has released a list of 6349 companies for winding up, for neglecting to pay the annual fees before the...

Tourism Ministry Terminates 116 Travel Agency Permits

Ministry of Tourism has terminated the permits of 116 different travel agencies due to failure to submit their 2016 annual report. The Ministry released an...

Scheduled Times Announced for Delivery of Water and Gas

Transport Authority of Maldives has announced specified times during the day to deliver water, gas and other goods of the same type, effective from...

Tourism Ministry Reinforces Mandate for Monthly Statistics Submissions

The Ministry of Tourism has released a circular announcing that Guesthouses and Safari Operators who fail to submit monthly statistics reports will be penalized...

BPT Return Exemption for Individuals and Deemed Partnerships

The Maldives Inland Revenue Authority has amended the Business Profit Tax Regulation exempting registered individuals and deemed partnerships who fulfill certain conditions from submitting...
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Mr Andrew Healy | Chief Executive Officer and Managing Director of Bank of Maldives

Many countries talk about having “systemically important banks” and as by far the largest bank here, Bank of Maldives certainly falls into this category....

GOLD 100 GALA 2018 Successfully Concluded, GOLD 100 Companies Awarded

Corporate Maldives has successfully concluded the GOLD 100 GALA, the most exclusive invite-only business-networking event in the Maldives. The gala was hosted at Bandos...

Corporate Maldives GOLD 100 Gala 2018 to Be Held Tonight

Corporate Maldives GOLD 100 GALA 2018, the most exclusive invite-only business networking event to take place in the Maldives will be held tonight, 22nd February...