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Maldives Income Tax Bill Includes Personal Income Tax and Broader Withholding Tax

|Proposed Changes|Maldives
Maldives

The Maldives Inland Revenue Authority has published the Income Tax Bill submitted before parliament on 14 October 2019. One of the main measures of the Bill is the introduction of a new personal income tax. Currently, individuals are generally only subject to business profits tax if conducting business activities, while foreign workers are only subject to a 3% remittance tax. As proposed, a pe…

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