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A digest of news and opinion from the Maldives.

GST

Maldives Inland Revenue Authority (MIRA) headquarters in the capital Male.

State collects MVR 910 million from MIRA in November

1 min read

Maldives Inland Revenue Authority (MIRA) headquarters in the capital Male. PHOTO / MIHAARU The state collected MVR 910 million from the Maldives Inland Revenue Authority (MIRA) in November, statistics publicised by the Institute on Monday revealed. While the state’s tax regulatory body acquired a total of MVR 910 million in November, it had collected USD […]

small business

Tax revisions: a burden to Maldives small businesses

4 min read

The original Dhivehi article was published on Avas.mv website on 21st November 2017. The following is a loose translation: GST Threshold to be eliminated Revision to BPT law Measures are to augment revenue To increase revenue, the government has included necessary revisions to the tax system in the next year’s budget. The Financial Minister Ahmed […]

New ruling by MIRA changes complimentary services rule

New ruling by MIRA changes complimentary services rule

1 min read

The Maldives Inland Revenue Authority has published a Tax Ruling (Number TR-2017/G42) on 9 October 2017 which amends Section 54 of the Goods and Services Tax Regulation to allow complimentary supplies without any imposition of GST for a period of 7 days. Prior to this amendment, GST was not imposed on goods or services supplied […]