The Maldives Inland Revenue Authority (MIRA) has published the First Amendment to the Income Tax Act (Law no. 15/2021), which was ratified by the president and published in the Official Gazette on 20 July 2021. The main measures of the law include:
- The permanent establishment (PE) rules are amended, including:
- a building site, a construction, assembly, or installation project or connected supervisory activities are considered a PE if such site, project, or activities last more than 90 days …