A digest of news and opinion from the Maldives.
Maldives Inland Revenue Authority (MIRA) will be conducting a special program to assist local small and medium-sized businesses in preparing Business Profit Tax (BPT) reports. MIRA said that assistance will be provided for preparing BPT reports and financial statements of the previous fiscal year. The authority has opened the special program to SMEs registering revenue […]
A 12% increase in national income is expected in 2017 compared to 2016. According to the government, this is due to the increasing economic growth rate and economic development projects that have been implemented successfully. During the year, import duty for cigarettes, fizzy drinks and energy drinks was increased. Additionally, an airport development fee policy […]
The government of Maldives has proposed to bring amendments to tax regulations of the country. These amendments are expected to help increase national income. One of the changes that would be brought about is the dissolution of the threshold for registration statement of Goods and Services Tax (GST). Additionally, there will be changes to Business Profit Tax (BPT) […]