The Maldives Inland Revenue Authority (MIRA) has published an English-language version of the new Transfer Pricing Regulation No. 2020/R-43, which sets out the rules for the preparation and maintenance of transfer pricing documentation. The regulation took effect on 10 June 2020.
The required transfer pricing documentation and information, which may be prepared in English or Dhivehi, is set out in the regulation as follows:
Master File - For the accounting period and the previous accountin…