Income Tax Act

3 articles

President ratifies second amendment to the Income Tax Act.

Withholding tax rate on payments made to non-resident contractors in Maldives increased to 10 percent

The bill to amend the Income Tax Act, submitted to Parliament on behalf of the government by Mathiveri constituency MP Hassan Zareer, has been passed with a majority of 54 votes.

Parliament passes bill to increase withholding tax on foreign contractors by 10 percent

From the People's Majlis: A parliamentary sitting has also been scheduled for Tuesday.

Parliamentary Committee of the Whole House passes bill to increase withholding tax on foreign contractors by 10 percent