Extending TGST offshore: Three questions the proposed GST amendment has yet to answer
People’s Majlis is now considering a government-backed amendment to the Goods and Services Tax Act (Law No. 10/2011) that would, for the first time, require foreign tour operators, overseas travel agents, and offshore booking platforms to register with the Maldives Inland Revenue Authority and charge 17% Tourism GST on sales of Maldives travel services. The […]
Unpacking the penalty notices: Navigating income tax obligations for employees and employers in the Maldivian hospitality sector
Recent reports of former employees and expatriates receiving penalty notices from the Maldives Inland Revenue Authority (MIRA) for unfiled tax returns have sparked significant concern. This serves as a crucial reminder for both employees and employers about their respective responsibilities concerning income tax in the Maldives. Understanding these obligations and proactive compliance is key to […]
