Resources & Insights

Mariyam Ahmed Shareef · 15 Sep 2024

Mandatory Tax Payment in USD - Recent Changes in Income Tax Regulation

The Maldives Inland Revenue Authority (MIRA) has recently announced significant changes to the Income Tax Regulation with the recent implementation of the fifth amendment. This amendment brings significant changes to payment currency of income taxes, especially for entities operating in foreign curr

Read article

Husham Abdul Shakoor, FCCA · 16 Jun 2024

Income Tax Filing Deadline for 2023: A Comprehensive Guide

This article serves as a comprehensive guide to the Income Tax Filing Deadline for 2023, as stipulated by the Income Tax Act 2020. It outlines the key aspects of tax filing, including the individuals and entities obligated to file an income tax return, and the exemptions available.

Read article

Husham Abdul Shakoor, FCCA · 16 Jan 2024

MIRA’s Tax Ruling: Impact on Deductibility of Donations

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.

Read article