Month: June 2022

MIRA offers ease for Income Tax Returns

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 …

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Setting up the “Maldives Health Services”

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 …

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Lease Period Extension Regulations Replaced

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 …

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