Supreme Court Judgement (Case Summary)
Bunny Holdings (BVI) Limited v MIRA (2023/SC-A/03)
Notification on Recent Amendments to Taxation Acts
On 5th November 2024, new amendments to three taxation acts were ratified and published in the Government Gazette. The amendments include the Seventh Amendment to the Goods and Services Tax Act, the Fourteenth Amendment to the Maldives Tourism Act, and the Second Amendment to Airport Taxes and Fees Act. These amendments to the taxation acts primarily increase the relevant tax rates. Details of the changes, including the revised tax rates, are outlined in the document.