Tax and Revenue
There are a number of tax incentives available for businesses under Maldivian law. The moderate tax rates prevailing in Maldives promise businesses an attractive investment climate. Nevertheless, interpreting and applying complex tax laws and regulations may not always be smooth, and require precise planning.
Transfer pricing activities are closely scrutinized by the Maldives Inland Revenue Authority. Affiliated enterprises have to take distinct measures to avoid non-compliance. Questions on applicable taxes on income or payments can arise, and the differences in interpretation of tax laws frustrate answering such questions and lead to tax disputes.
Our tax practice focuses on helping clients address tax issues proactively through sophisticated tax planning. The depth and breadth of our knowledge of tax law and practice ensures that we provide innovative solutions for our clients to design tax-efficient corporate structures and transactions.
In addition to our tax advisory services, we also represent clients in the Tax Appeal Tribunal and relevant courts. Another key area of support that we provide our clients is in navigating tax audits and investigations conducted by the Maldives Inland Revenue Authority.
Having chartered accountants on our tax team as consultants, we offer one-stop services for all your tax needs – making us one of the few firms in Maldives specializing in this niche.