Maldives Extends GST Exemption for Financial Services and Repeals Adjustment for Unrelated Party Transactions

The Maldives Inland Revenue Authority (MIRA) has published an English-language version of the 27th Amendment to the Goods and Service Tax Regulations (2020/R-104). Regulation 2020/R-104 amends the GST Regulations in relation to the GST exemption for financial services, which includes the addition of cash card, debit card, and credit card payment processing and other such services as within the…
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