Law firm files constitutional case to annul section from GST regulation

Law firm CTL Strategies LLP filed a constitutional case with the High Court last Thursday, seeking to annul Section 30 of the Goods and Services Tax Regulation.

According to the law firm, the section in question grants Maldives Inland Revenue Authority (MIRA) the "power to assess the amount of tax payable between two unrelated parties if MIRA believes that the value of supply of goods and services supplied is lower than the open market value of such supply".