Our lawyers and tax experts are market leaders in all taxation matters and are skilled in building bespoke tax planning strategies. Our specialist tax advisors and tax accountants are well versed with the broad spectrum of situations arising in regular or one-off transactions.
Our tax specialists and lawyers help clients with risk reduction, successful resolution of unavoidable disputes, tax efficiency and avoiding tax controversy.
Our team has been involved both at the policy making level and in drafting of the existing tax legislation, including the Business Profit Tax Act, Goods and Services Tax Act and most recently in the Income Tax Act.
At S&A, our team has global recognition for their expansive-thinking approach on tax matters such as;
- tax legislative initiatives
- tax planning
- post-acquisition integration
- tax investigative matters and transfer pricing.
Recent matters:
- Set a positive precedence in the deductibility of input tax on capital expenditure on computation of the GST payabale valued over multi-million dollars against the Maldives Inland Revenue Authority. This was the first claim of its nature and the decision in this case gave clarity on the deductibility of input tax on capital expenditure for ongoing capital projects.
- Represented an international hospitality brand and won a tax claim pertaining to the classification of head office expenses. The decision in this case leads a precedence on deductibility of head office expenses had provided valuable clarification regarding the interpretation of head office and the allocation of head office expenses in the tax computation of a permanent establishment. This conclusion will undoubtedly be of great assistance to businesses and have implications for future tax years.
