Practical Tax Guide for Businesses
The GST Act amendment begins the shift toward a destination-based model, bringing onshore suppliers of Maldives tourism products within the… Read More »Practical Tax Guide for Businesses
Tax Update
Eighth Amendment to the Goods and Services Tax Act (10/2011)
The 8th Amendment to the Goods and Services Tax Act (10/2011), ratified on 31 August 2026, introduces significant changes to… Read More »Eighth Amendment to the Goods and Services Tax Act (10/2011)
Second Amendment to the Income Tax Act (25/2019)
The 2nd Amendment to the Income Tax Act (25/2019), ratified on 31 August 2026, introduces significant changes to the withholding… Read More »Second Amendment to the Income Tax Act (25/2019)
Sixth Amendment to Income Tax Regulation (2026/R-67)
The Sixth Amendment to the Income Tax Regulation (2026/R-67), effective from 20 August 2026, introduces important changes to several areas… Read More »Sixth Amendment to Income Tax Regulation (2026/R-67)
November 2024 – Tax Update – Amendments to the Goods and Services Tax Act (10/2011), Airport Taxes & Fees Act (29/2016) and the Tourism Act (2/99)
Please see our memo prepared in respect of the amendments to the Goods and Services Tax Act (10/2011), Airport Taxes… Read More »November 2024 – Tax Update – Amendments to the Goods and Services Tax Act (10/2011), Airport Taxes & Fees Act (29/2016) and the Tourism Act (2/99)
September 2024 – Tax Update – Fifth Amendment to the Income Tax Regulation (2024/R-84)
Fifth Amendment to the Income Tax Regulation (2024/R-84), which came into effect from 12th September 2024, introduced key changes to currency rules for income tax (including those collected via the withholding mechanism)