This edition of the PC Law Bulletin highlights key legal and regulatory updates in the Maldives, including:
  • Seventh Amendment to the Employment Act – Removing the deadline for setting a minimum wage for foreign employees and requiring the Minimum Wage Board to provide recommendations. 
  • New Associations Act – Replacing the old Associations Act, introducing new fiscal obligations for associations raising over MVR 500,001 and mandating government financial assistance.
  • Proposed GST & TGST Hike – A bill in Parliament seeks to increase TGST from 12% to 16% and GST from 6% to 8%, effective January 1, 2023. 
  • Consumer Ombudsman Office Launched – Consumers can now report complaints via consumer.gov.mv, with potential fines of up to MVR 250,000 for violations. 
  • Upcoming Tax Deadlines – Key submission and payment deadlines for Withholding Tax, GST, and Green Tax in November 2022.

For full details, download the complete bulletin below:

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