Stay informed on the latest legal developments in the Maldives. This edition of the PC Law Bulletin covers:
- Abolishment of the Public Health Emergency – Businesses must now comply with all statutory obligations previously relaxed during the pandemic.
- National Payment System Act – All payment service providers must obtain a license from the Maldives Monetary Authority, with fines up to MVR 10 million for non-compliance.
- Amendments to the Tourist Vessel Regulation – Licenses for tourist vessel operations can now only be transferred after clearing all outstanding government dues.
- New Regulation for Registration of Accountants – Accountants in the private sector must register with the Institute of Chartered Accountants of the Maldives by September 2022.
- Supreme Court Ruling on Tax Audits – Tax audit notices must specify the legal provision under which they are issued to ensure clarity for businesses.
- MIRA’s General Policy on Tax Compliance – New enforcement measures include public disclosure of tax defaulters, freezing bank accounts, and legal recovery actions.
- Upcoming Tax Deadlines – Key dates for GST, Green Tax, and company annual fee payments in March 2022.
For further details, download the full bulletin below:
Download