This issue provides a comprehensive overview of the significant legal and regulatory developments recently introduced to the Maldives legal landscape. Key updates include:
• Acts: The implications of the Second Amendment to the National Payment System Act.
• Regulations: The Sixth Amendment to the Income Tax Regulation alongside the Third Amendment to the Expatriate Employment Regulation.
• Bills: The Second Amendment to the Income Tax Act, the Eighth Amendment to the Goods and Services Tax Act and the First Amendment to the Foreign Currency Act.
• Draft Regulations: New frameworks on Simplified/Electronic Customer Due Diligence and Financial Consumer Protection.
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