Maldives Publishes CbC Reporting Regulation

The Maldives Inland Revenue Authority (MIRA) has published an English-language version of the Country-by-Country Reporting Regulation 2021/R-9, which was first published on 20 January 2021. The purpose of the Regulation is to set out the rules governing the submission of Country-by-Country (CbC) reports to MIRA by multinational enterprises resident in the Maldives. General provisions allowing MIRA to require, and exchange CbC reports were introduced as part of the Second Amendment to the Tax…