MIRA calls to be cautious about foreign parties conducting business activities in the Maldives without registering with MIRA

MIRA calls to be cautious about foreign parties that are liable to register with MIRA under the Maldivian tax laws, conducting business activities in the Maldives without such registration.

It was stated in the circular that, for the purposes of the Business Profit Tax Act, persons that are resident in the Maldives and non-resident persons conducting business activities in the Maldives through a Permanent Establishment, are required to register with MIRA under the Tax Administration Act and fulfill all obligations with respect to the relevant tax laws.

Therefore, MIRA advises to verify whether or not the foreign party providing its services in the Maldives is registered with MIRA before appointing such party to perform any form of work in the Maldives. Further to this, MIRA also advises to confirm whether or not such foreign party is registered with MIRA for Goods and Services Tax if the gross value of the service provided by that party is more than MVR 1 million.

 

Related documents:

·   https://www.mira.gov.mv/circulars/registration-of-foreigners-conducting-business-activities-in-the-maldives-dhivehi.pdf

28 Dec 17