Pursuant to the sixth amendment of the Goods and Servies Tax Act, the rates for tourism sector GST and general sector GST will increase to 16% and 8% respectively effective from 1st January 2023
Maldives GST rates to increase from 1st January 2023
Husham Abdul Shakoor, ACCA | 16 December 2022
Pursuant to the sixth amendment of the Goods and Servies Tax Act, the rates for tourism sector GST and general sector GST will increase to 16% and 8% respectively effective from 1st January 2023
Important Update: Deadline Extension for Income Tax for the Year 2022
Husham Abdul Shakoor, ACCA | 23 June 2023
In an effort to facilitate taxpayers in preparing their income tax returns and financial statements, MIRA has announced a deadline extension for the submission of income tax returns and payment of tax for the year 2022.
MIRA’s Tax Ruling: Impact on Deductibility of Donations
Husham Abdul Shakoor, ACCA | 16 January 2024
The Maldives Inland Revenue Authority (MIRA) has issued a Tax Ruling on January 14, 2024 which focuses on the deductibility of donations under Section 21 of the Income Tax Act.
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