background image

Maldives Publishes Draft Guide to Non-Resident Withholding Tax — Orbitax Tax News & Alerts

The Maldives Inland Revenue Authority (MIRA) has published a draft English-language Guide to Non-resident Withholding Tax (NWT). The guide covers the types of income subject to NWT, including rental income, royalties, interest, dividends, fees for technical services, commissions, and others, as well as several sub-categories, for royalties in particular. The guide also covers the general rules for different aspects of NWT including the requirement to deduct, returns and payments, penalties, etc., and the relevant laws and regulations. Lastly, the guide provides several examples throughout the different sections.