The Maldives Inland Revenue Authority (MIRA) has published the Advance Pricing Arrangement regulation for the first time in the Maldives.
The regulation is pursuant to Section 53-1 (d) of the Tax Administration Act.
As a highlight, the regulation allows taxpayers for establishing Bi-lateral or Multilateral agreements. It is mainly focused on global transactions and the proposition of the arms-length terms for such transactions.
For more information, have a look at the regulation here: https://www.mira.gov.mv/TaxLegislation/advance-pricing-arrangement-regulation-gazette.pdf