Maldives Publishes Third Amendment to the Tax Administration Act Including New Rules on Appeals, Advance Pricing Agreements, and Other Changes

The Maldives Inland Revenue Authority (MIRA) has published the Third Amendment to the Tax Administration Act, which entered into force on 16 December 2020. Some of the main amendments concern appeals at the tribunal and hearings by the courts. This includes the amendment (replacement) of Section 44 (Appeal at the Tribunal), which provides the following:

• Where a taxpayer is not satisfied with a decision made by MIRA with regard to a notice of objection submitted by the taxpayer, the taxpayer…