SHC Law & Tax contributed to the Hotelier Maldives GM Forum 2026 with a session examining the legal, tax and operational implications of foreign exchange and tax developments affecting the hospitality sector.
Junaina Ahmed (Attorney-at-Law), Dhaanish Mohamed Ameen (Attorney-at-Law) and Tholhath Rasheed (Senior Tax Consultant) presented the foreign currency conversion requirements, MMA approvals for certain domestic foreign currency payments, and TGST obligations affecting overseas tour operators and travel agents.
The session brought together regulatory guidance and commercial considerations, exploring the effects on resort cash flow, procurement, and contractual relationships. Discussions with hospitality leaders highlighted the importance of assessing foreign currency needs, reviewing arrangements with overseas partners, and preparing coordinated compliance plans.
Read more on this: https://hoteliermaldives.com/who-bears-the-cost-shc-law-tax-resort-leaders-examine-forex-and-tgst-pressures-at-gm-forum-2026/
