The Maldives Inland Revenue Authority (MIRA) has published Tax Ruling TR-2018/B68 of 27 December 2018, which amends the country’s thin capitalization rules that were issued earlier in the year ({News-2018-05-07/A/4-previous coverage}). This includes an increase in the EBITDA-based restriction on the deduction of interest expense from 25% of EBITDA to 30% of EBITDA, as well as additions to the …