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...
Ministry Seeks Participation in Restructured Minimum Wage Advisory Board
The Ministry of Higher Education, Labor and Skills Development in the Maldives has issued a call for civil society organizations to apply...
Collected revenue until end of May is MVR 1.14 billion
MIRA has collected MVR 1.14 billion as revenue in May 2016. This amount is 19.6% more than the amount collected in May 2015. Also...
CTL Strategies LLP – Tax Advisory Services Specialists in the Maldives
CTL Strategies LLP is a firm specialised in providing tax and legal advisory services to businesses. CTL Strategies offers a comprehensive range of tax and legal advisory...
Amendment submitted to change duration period of Bank’s Board of Directors
Ruling Party member Jameel Usman has submitted amendments to Maldives Banking Act (24/2010).
Amendments to Article 15 (b) is a change to the duration of...
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...
Tax Ruling issued by MIRA on the GST treatment of imported goods
A Tax Ruling has been issued by the Maldives Inland Revenue Authority (MIRA) on 8 August 2016 clarifying the GST treatment of imported goods....
Over 3000 businesses registered for tax last year
Maldives Inland Revenue Authority (MIRA) has revealed that over 3000 new businesses had been registered just last year in the tax registry. The annual...
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...
Gov’t to Explore Chinese Trade in Rufiyaa, Aims to Reduce Dollar Reliance
Minister of Economic Development and Trade, Mohamed Saeed, disclosed that China is poised to enable payments for goods in Maldivian Rufiyaa (MVR).
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...
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...
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...
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...
MMA publishes a regulation on fees & charges payable by financial institutions
Maldives Monetary Authority has published a regulation on fees & charges payable by financial institutions. This Regulation is issued pursuant to Section 37 and 38...
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...
Maldives Welcomes Over 7,000 Tourists Daily
The Maldives is enjoying a significant resurgence in tourism, with the Ministry of Tourism reporting an average of over 7,000 tourists visiting...
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...
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...
Gov’t Reports Progress in Stabilizing Dollar Exchange Rate
Mohamed Saeed, Maldives' Minister of Economic Development and Trade, has announced progress in stabilizing the nation's dollar exchange rate. Minister Saeed attributes...
New ruling by MIRA changes complimentary services rule
The Maldives Inland Revenue Authority has published a Tax Ruling (Number TR-2017/G42) on 9 October 2017 which amends Section 54 of the Goods and...
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...
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...
CTL Strategies highly recommended by Asialaw in Maldives taxation matters
CTL Strategies LLP has been ranked by AsiaLaw Profiles as one of the top-tier law firms in the Maldives.
CTL Strategies has been highly recommended...
LATEST ARTICLES
5th Edition of Girls to Code Comes to Dhihdhoo
Registration for the fifth edition of the Girls to Code programme, spearheaded by Dhiraagu and Women in Tech Maldives, is now open...
STO Introduces Pioneer Cement Promotion
STO Construction Solutions, a division of the State Trading Organization (STO), yesterday launched a promotional campaign for Pioneer Cement products.
Vacations Expo Attracts Over 8,000 Visitors
The recently concluded Vacations Expo in Hulhumale saw a remarkable turnout, drawing in more than 8,000 visitors over its three-day duration from...
MMPRC Invites Proposals for Stands at 2 International Travel Fairs
The Maldives Marketing and Public Relations Corporation (MMPRC/Visit Maldives) has requested proposals (RFPs) to construct stands representing Maldives at two prominent international...
MMPRC Seeking Agency to Represent Maldives in the USA
Maldives Marketing and Public Relations Corporation (MMPRC/Visit Maldives) has announced a request for proposals (RFP) to hire an agency to represent the...
