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...
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...
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...
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....
MIRA to introduce Advance Pricing Agreements
The Maldives Inland Revenue Authority (MIRA) has announced that Advance Pricing Agreements (APAs) between taxpayers and MIRA will be introduced this year. This announcement...
More than 23,000 Businesses Registered: Economic Ministry
So far 23,626 businesses in Maldives have registered with the Ministry of Economic Development, the Ministry has said.
Speaking at a press briefing held at...
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...
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...
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The Maldives’ First Gated Community: A Glimpse into Aséria
The Maldives is entering a new era of residential living with the introduction of Aséria Homes and Townhouses. Situated at the northeastern...
New Foreign Currency Rules to Take Effect in January 2025
The Maldives' Foreign Currency Act, ratified on 14 December 2024, will come into force on 1 January 2025, introducing comprehensive measures to regulate...
Asma Shafeeu Appointed as Commissioner of Reform at Finance Ministry
The Ministry of Finance has appointed Asma Shafeeu as the Commissioner of Reform, a newly introduced role aimed at strengthening the state’s...
Ooredoo Maldives Transfers Techfin Shares to OFT International LLC
Ooredoo Maldives Plc has announced the sale and transfer of 1.5 million shares of its subsidiary, Techfin Maldives Pvt Ltd, to OFT...
Maldives Invites Chinese Investment to Develop Mariculture Industry
Minister of Fisheries and Ocean Resources Ahmed Shiyam has invited Chinese investors to support the development of the Maldives’ mariculture industry, citing...
