Tax Advisory

At Munawwar & Co, we provide comprehensive tax advisory and legal representation services to individuals, businesses, and international investors. Our practice delivers strategic, end-to-end guidance across a wide range of tax matters, assisting clients navigate the complexities of tax compliance, planning, audits, disputes, and litigation.

We offer practical, legally sound solutions to both local and foreign clients, including those involved in cross-border or foreign direct investments. Our experienced team ensures full compliance with the relevant tax laws while protecting your interests at every stage of the process.

We provide comprehensive tax advisory services, offering strategic guidance across various tax matters. We assist with tax registration, compliance, planning, and dispute resolution, ensuring adherence to applicable laws. Our team navigates complex issues, including initiating objections and managing appeals through the appropriate legal processes.

OUR SERVICES INCLUDE

We provide legal advice and authoritative opinions on a wide range of matters involving the MIRA. Our services extend beyond dispute resolution to include strategic guidance on complex tax issues, interpretation of tax laws and regulations, and clarification of clients’ rights and obligations under the tax regime. We assist clients in responding to inquiries, addressing administrative compliance concerns, and engaging in negotiations or settlement discussions with MIRA. Whether preemptive or reactive, our counsel ensures that clients are well-informed, protected, and positioned to make sound decisions in their dealings with the MIRA.

We advise clients on structuring their transactions and operations in a tax-efficient manner. Our goal is to minimize tax liabilities while ensuring compliance with evolving tax legislation. We support both local businesses and foreign investors in navigating the regulatory and tax implications of their investments in the Maldives.

We assist clients in registering with the Maldives Inland Revenue Authority (MIRA) and meeting their ongoing tax obligations. This includes ensuring timely filings, accurate reporting, and compliance with all applicable laws and regulations.

When MIRA initiates an audit, we work closely with clients throughout the audit process, providing representation, preparing documentation, and responding to inquiries. Once the audit is finalized and an assessment is issued, we assist clients in filing formal objections to MIRA’s decisions within the stipulated time frame.

If a taxpayer disagrees with MIRA’s decision following the objection process, we represent clients in appealing the matter before the Tax Appeal Tribunal. Should the Tribunal’s ruling be unsatisfactory, we are fully equipped to escalate the matter to the High Court, and if necessary, to the Supreme Court. Our legal team has the experience and capability to advocate effectively at every level of the judiciary.