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...
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...
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...
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...
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...
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...
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...
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...
LATEST ARTICLES
MIRA Launches Strategic Plan 2025-2028 with Focus on Digital Transformation and Efficiency
The Maldives Inland Revenue Authority (MIRA) has unveiled its Strategic Plan 2025-2028, setting out ambitious goals to enhance operational efficiency, stakeholder engagement, and...
Dhiraagu Launches Promotion Offering Weekly Smart TV Prizes for Internet Upgrades
Dhiraagu has launched an exciting promotion offering customers the chance to win a smart TV every week by upgrading to its Limitehneh...
Maldives Economy Records Mixed Growth in October 2024
The Maldivian economy demonstrated mixed results in October 2024, with signs of recovery in some sectors, while others experienced significant challenges, according...
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...
