This edition of the PC Law Bulletin highlights key legal and regulatory updates in the Maldives, including:
- Policy on Recovery of Tax from Third Parties – MIRA is now authorized to recover unpaid taxes from third parties who owe money to delinquent taxpayers, expanding enforcement mechanisms.
- First Amendment to the Installment Policy – Reduces the payment grace period for tax installment agreements from 60 days to 30 days, requiring stricter compliance from taxpayers. Maldives Ratifies International Convention for the Protection of All Persons from Enforced Disappearance – Strengthening human rights protections and committing to international reporting obligations.
- Supreme Court Ruling on Mortgages – A landmark ruling clarifies banks’ obligations to inform mortgagors about mortgage consequences, reinforcing contractual validity and enforcement
For full details, download the complete bulletin below:
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