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News
Bill to increase non-resident withholding tax to 10 percent passed
7+ hour, 11+ min ago (57+ words) Edition.mv Bill to increase non-resident withholding tax to 10 percent passed The bill, submitted by Mathiveri MP Hassan Zareer, passed with 54 votes in favour and two against. Outstanding taxes in Maldives reach MVR 14 billion MIRA publicizes names of those who…...
Act amendment to tax booking platforms, travel agents passes
7+ hour, 56+ min ago (79+ words) Edition.mv North Kulhudhuffushi Constituency MP Mohamed Dawood submitted the bill on behalf of the government, with it being passed during today's Parliament sitting where 54 out of 56 MPs voted in favor of it. Two MPs voted against the bill. State…...
Malé City Council spends over MVR 1 million to hold public meetings
5+ day, 23+ hour ago (56+ words) Under the Decentralization Act, two meetings are held each year to seek public opinion on the work done by the council. Adam Azim (Male Mayor) Council passes resolution to handover Fish Market project to Fisheries Ministry Councils must unite against…...
Bill to increase Non-resident Withholding Tax to 10 percent
6+ day, 1+ hour ago (91+ words) Edition.mv Bill to increase Non-resident Withholding Tax to 10 percent The bill proposes an amendment to Article 55 of the Income Tax Act in bringing about an increase to the tax from 5 percent to 10 percent, along with amendments to the relevant…...
Act amendment to tax offshore booking platforms, travel agents
1+ week, 16+ hour ago (82+ words) Edition.mv Act amendment to tax offshore booking platforms, travel agents If the bill is passed and tax imposed, it is estimated that the state will see an yearly increase of MVR 16 billion, which comes from the MVR 299.3 million from…...
Revenue rises to surplus despite higher spending in first four months
3+ mon, 2+ week ago (79+ words) Edition.mv Revenue rises to surplus despite higher spending in first four months The Ministry of Finance’s weekly fiscal development report showed total revenue and grants reached MVR 15.4 billion by the end of April, up from MVR 14.3 billion in the…...