This edition of the PC Law Bulletin highlights key legal and regulatory updates in the Maldives, including:
- Twelfth Amendment to the Tourism Act – Rectifying an issue in the Eleventh Amendment that temporarily halted Green Tax collection until January 2023.
- Cross Subsidy Regulation – New rules for leasing islands and lagoons as cross subsidies for government economic and social projects.
- Regulation on Sale of Government Shares in Joint Ventures – Establishing procedures for selling state-held shares in tourism joint ventures.
- Foreign Investment Bill – A proposed law to streamline foreign investment approvals and provide legal protections for investors.
- Waste Management Bill – Introducing a plastic bag levy of MVR 2 per bag, with businesses required to report and remit payments to MIRA.
- Upcoming Tax Deadlines – Key filing and payment deadlines for Withholding Tax and GST in October 2022.
For full details, download the complete bulletin below:
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