The Maldives Inland Revenue Authority (MIRA) has published an English-language version of the First Amendment to the Income Tax Regulation (2020/R-56). Published in the original language on 20 July 2020, some of the main amendments include the following:

• A new subsection 99(c) is inserted, which provides that a person carrying on the business of insurance shall use MIRA 605 (Income Tax Return…