Director’s Remuneration No Longer Constitutes a Business Income

Director’s Remuneration No Longer Constitutes a Business Income

Pursuant to the first amendment to the Tax Ruling TR-2018/B65 (amended via TR-2019/B69 issued on 21 March 2019), amounts payable by a company, a trustee or a partnership as remuneration, as defined
Penalty Interest is Conventional to the Maldives – Supreme Court

Penalty Interest is Conventional to the Maldives – Supreme Court

The Supreme Court, in the case of CPS Maldives Pvt. Ltd. v. Works Corporation Ltd. (27 SCA 2013) had decided on 19 May 2014
Supreme Court holds ruling on Unilateral variation and termination of contracts entered into with the State

Supreme Court holds ruling on Unilateral variation and termination of contracts entered into with the State

The Supreme Court on 16 September 2013, in the appeal lodged by Nexbis Ltd., Australia against measures of the ACC in the Maldives Immigration Border Control System (MIBCS)
Supreme Court Restricts Powers of the Anti Corruption Commission

Supreme Court Restricts Powers of the Anti Corruption Commission

The Supreme Court on 16 September 2013 decided that the Anti-Corruption Commission does not have authority to require termination of any commercial contract despite allegations of corruption therein
National Award of Recognition

National Award of Recognition

Suood Anwar & Co. is prod to announce that Husnu Al Suood, our Principal Partner has been honored with the National Award of Recognition for Outstanding Services in the field of law/legal
Seminar on Goods and Services Tax

Seminar on Goods and Services Tax

Law on Goods and Services Tax (Law 10/2011) was passed by parliament and is due to come into force on 2nd October 2011.