Micro Businesses Not Required to Submit Auditor’s Report

The Maldives Inland Revenue Authority has brought an amendment to the Business Profit Tax Regulation exempting micro businesses from submitting an auditor’s report with...

Goods Imported on Behalf of a Third Party Subject to GST

The MIRA has published a circular concerning the GST implications for businesses that import goods on behalf of a third party. The circular reminds...

Scope of Witholding Tax on payments to Online Travel Agents widened

Maldives Inland Revenue Authority has issued a circular instructing the taxpayers to pay withholding tax on payments made to all online travel agencies (OTAs),...

High Court Confirms TAT Ruling on Third Party Payments

The High Court of Maldives has upheld the Tax Appeal Tribunal's decision on a case which focused on the subjectivity of withholding tax on...

CTL Strategies starts publishing “Tax Alert”

Leading tax advisory firm, CTL Strategies has started a new publication called ‘Tax Alert’. This is part of their ongoing effort to keep public...

Online filing mandatory for taxpayers filing TGST and WHT returns

The MIRA, on Monday, has issued a Tax Ruling, making online filing mandatory for all taxpayers filing Tourism Goods and Services Tax and Withholding...

MED outsources Business Registration Services

The Ministry of Economic Development has partnered with 9 private sector parties, to outsource several services it offers to businesses; including registration of companies,...

Remittance tax on expatriates to be introduced

The President, on Thursday has ratified a bill that imposes a remittance tax of 3% on the money transferred abroad by expatriate workers, effective...

Maldives becoming a hub for Islamic Banking & Halal industry in South Asian region

Mostly people know about Maldives as an idyllic tropical island holiday destination, but little is known about the fact that the country is making...

MIRA to collect Green Tax from Guesthouses starting 1st October 2016

Guesthouses will be charged Green Tax on tourists for each day of their stay starting from 1 October 2016, under the eighth amendment to...
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South African Muslim Tourism – an eye opener for Maldives

The Muslim tourist segment is getting much attention nowadays with US travel ban and changes in the social and cultural environment. The latest news...

Schengen Visa to be made available in the Maldives this year

Maldives ambassador to the European Union (EU) Ahmed Shiaan has stated that Schengen visa will be made available in the Maldives this year. In an...

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...