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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13 Things You Should Give Up If You Want To Be Successful

Founder of Zero to Skill, Mr Zdravko Cvijetic believes that to become successful and be the person you can be, you need to give up...

SSS Insurance Services assigned as official motor insurance partner for Kulee Bike

Kulee Bike has signed a MoU with SSS Insurance Services as official motor insurance partners. The signing took place in a ceremony held at...

Sun Online signs as media partner for Maldives Living Expo 2018

Sun Online signs as the media partner for the 6th edition of Maldives Living Expo, which is organized by HighRise. Living Expo 2018 is to...