The Maldivian government has announced amendments to its tax laws, specifically affecting the tourism sector. These changes include an increase in the Tourism Goods and Services Tax (TGST), an increase in the Green Tax, and adjustments to airport taxes and fees.

As the registration deadline approaches fast, our team member Najwa Haleem provides comprehensive insights into the compliance requirements under the regulation. This document by CST Advisory LLP, offers a detailed overview of the new Foreign Currency Regulation introduced by the MMA.

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

CST Advisory LLP is proud to announce that we have successfully obtained the Audit License from the Institute of Chartered Accountants of Maldives (CA Maldives), marking a significant milestone in our commitment to providing the highest standards of audit and assurance services.

This article outlines the new revenue measures and provide recommendations aiming to help CFOs navigate the changes brought about by the new revenue measures, ensuring that their companies remain financially stable and profitable, while concurrently contributing to the long-term financial stability

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.