Maldives Highlights Record Keeping Requirements

The Maldives Inland Revenue Authority has announced the issuance of Circular 220-TD/CIR/2025/01 regarding record-keeping requirements, which addresses growing concerns over the lack of compliance with record-keeping requirements prescribed under taxation laws and regulations. A guide (flyer) has also been issued that provides a non-exhaustive list of documents that are required to be maintained. The main text of the Circular is as follows:

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CIRCULAR

Reference is made to the Tax Admi…