In reference to sections 101 and 103 of the Income Tax Regulations (Regulations No 2020/ R-21), MIRA has issued a circular that states that the companies, general partnerships and limited liability partnerships with taxable income of not more than MVR500,000/- for years 2020 and 2021; and not more than MVR2,000,000/- in total income for the years 2020 and …
The President approved his Cabinet’s recommendation to form a separate institution under the name “Maldives Health Services.” The Cabinet deliberated on a paper submitted by the Ministry of Health. The Maldives Health Services would be tasked with improving primary healthcare, catering to the country’s public health requirements under a decentralized setup, developing human resources, and …
MOT has introduced new regulations on the extension of lease period of tourism properties with specific reference to the fee charged in granting the extension. The regulations gazetted on 9 June 2022 carry the citation Tourism Properties (Lease Extension Fee) Regulations [Regulations No: 2022/R-97]. These newly adopted regulations replace the old set of regulations brought out …
