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.

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.

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

The Maldives introduces Departure Tax and brings changes to the rates charged as Airport Development Fee for the persons departing from Velana International Airport, effective from 1 January 2022.