ވިޔަފާރީގެ ފައިދާއިން ނެގޭ ޓެކްސް: ގްރޫޕެއްގައި ހިމެނޭ ކުންފުންޏަކުން އެ ގްރޫޕްގައި ހިމެނޭ އެހެން ކުންފުންޏަކަށް ހަރުމުދާ ބަދަލުކުރުން
This ruling lets a transferor and transferee choose special tax treatment for qualifying transfers of capital assets within a group of companies, subject to conditions and MIRA approval.
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capital allowances capital asset transfers group companies tax elections
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Provisions of ވިޔަފާރީގެ ފައިދާއިން ނެގޭ ޓެކްސް: ގްރޫޕެއްގައި ހިމެނޭ ކުންފުންޏަކުން އެ ގްރޫޕްގައި ހިމެނޭ އެހެން ކުންފުންޏަކަށް ހަރުމުދާ ބަދަލުކުރުން
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ވިޔަފާރީގެ ފައިދާއިން ނެގޭ ޓެކްސް: ގްރޫޕެއްގައި ހިމެނޭ ކުންފުންޏަކުން އެ ގްރޫޕްގައި ހިމެނޭ އެހެން ކުންފުންޏަކަށް ހަރުމުދާ ބަދަލުކުރުން
This ruling lets a transferor and transferee choose special tax treatment for qualifying transfers of capital assets within a group of companies, subject to conditions and MIRA approval.
ަމޯހ 2015 ީރަވަނަޖ 19 - 1436 ްލަވްއައްލުޢީބަރ 28 :ުޚީރާތ 17 :ުދަދައ 44 :ްމުއިލޮވ TR-2015/B40 :ުރަބްނަނ ްސްނެރަފިރ ގްނިލޫރ ްސްކެޓ ޭނެމިހ ިއަގްޕޫރްގ ެއ ްނުކަޏްނުފްނުކ ޭނެމިހ ިއަގްއެޕޫރްގ :ްސްކެޓ ޭގެނ ްނިއާދިއަފ ެގީރާފަޔިވ ްނުރުކުލަދަބ ާދުމުރަހ ްށަކަޏްނުފްނުކ ްނެހެއ ްނުކަތްސީފޮއ ެގުރާކުރަސ ،ިއާކަތުދިއާވަގ ،ިއާކަތުނޫނާޤ ،ީނަރުކުޢިއާޝ ިއަގުޓެޒެގ ްސީފޮއ ެގާޔްއިރޫހްމުޖްލުސީއަރ .ެވެކަތްނުޔިލ ަދަފ ްއަތްނާޔަބްސޫނ ،ިއާކަތްނުވެންނެދ ،ިއާކަތްނާލުޢިއ ާވްއުރެނ .ެވެއުހަވުދ ިތަފްސާރުބ ިއާހަވުދ ަމޯހ ެގްއެއާތުފަހ ެމްނޮކ ީނަރުކުޢިއާޝ ްޓެޒެގ ުގަމުނާފުރުކަތުޑޮބ ެގުމުވްއުނޮފ ްއަތްނުޔިލ ާވްއުނޮފ ްށަމުވްއެރުކ ުޢިއާޝ ިއަގުޓެޒެގ ެގުހަވުދ ަމޯހ .ެޖްއާރިހެވިދ ،ެލާމ ެގ 12:00 ުރުދްނެމ ެގުހަވުދ ިތަފްސާރުބ ެގާތުފަހ ީރުކ ،ީކަތުގަވ ުހަފެމްނެއ ްށަމުވްއެރުކ ުޢިއާޝ ިއަގުޓެޒެގ ެގުހަވުދ ިތަފްސާރުބ ިދައ .ެވެންނިރުކ 3336137 ، 3323701 :ުނޯފ ާދްނުމަގނިހ ،ީކަތުގަވ ުހަފެމްނެއ ެގުމުވްއުނޮފ ްއަތްނުޔިލ ާވްއުނޮފ 3325500 :ްސްކެފ ްއަތްނުޔިލ .ެވެންނިރުކ ެގ 12:00 ުރުދްނެމ ެގުހަވުދ ަރާގްނައ ެގާތުފަހ .ެވެމެދެއ ްނުވްއުނޮފ ްށަހެރްޑެއ ްލިއެމ.ީއ ިމ gazette@po.gov.mv gazette@po.gov.mv :ްލިއެމީއ ީނާވްނަންނުހ ިއަފެޔިލ ްއަތްނުޔިލ ާވްއުނޮފ ްށަމުވްއެރުކުޢިއާޝ ިއަގުޓެޒެގ www.gazette.gov.mv :ްޓިއަސްބެވ .ެވެންނުޓްނޮފ ާމުރަފ ިއަގުޑރާވ ްޓްފޮސޯރްކިއަމ ީ ޓިރޯތޮއ ުއިނެވެރ ްޑްނަލްނިއ ްސްވިޑްލޯމ ޖެ ްއާރިހެވިދ ،ެލާމ ގްނިލޫރ ްސްކެޓ ށް ކަ ަޏްނުފްނުކ ްނެހެއ ޭނެމހި ިއަގްޕޫރްގ ެއ ްނުކަޏްނުފްނުކ ޭނެމިހ ިއަގްއެޕޫރްގ :ްސްކެޓ ޭގެނ ްނިއާދިއަފ ެގީރާފަޔިވ ްނުރުކުލދަ ަބ ާދުމުރަހ TR-2015/B40 :ުރަބްނަނ ްސްނެރަފިރ (ަމޯހ) 2015 ީރަވަނަޖ 19 :ުޚީރާތ ނަ ަވ 84 ެގ ( ނު ޫނާޤ ީރާދިއ ޭހބެ ާމގު ެނ ްސްކެޓ) 3/2010 ުރަބްނަނ ުނޫނާޤ ާވިއަފްށޮކ ޙު ާލްޞ އި ްށޮކިރެވުދެމ 14/2011 ުރބަ ްނަނ ުނޫނާޤ ީއިމ ީނަވ އެ ިއަފީދާލާވަޙ ިއަގުނަތްނތަ ާވިއަފީދާލާވަޙ ްށަނޫނާޤ ،ީވުނެމ ިއަގްއތެ ަލާހ ާވިއަފްށޮކްނާޔބަ ްށކަ ަތޮގ ްނެހެއ .ެވެކެއގްނިލޫރ ާވިއަފރެ ެނ ްނުށަދ ެގާދްއާމ ީނަވ އެ ިއަފދީ ާލާވަޙ ިއަގުނަތްނަތ ާވިއަފީދާލާވަޙ ްށަދއި ާވަގ ދި އަ .ެވެށައ (ުނޫނާޤ ގެ ުމުގެނ ސް ކް ެޓ ން ިއާދިއަފ ެގީރާފަޔިވ) 5/2011 ުރަބްނަނ ުނޫނާޤ މި ްނުކަތްތާރަފ ކާ ްއަދ ްސކް ެޓ .ެވެށައ (ުދިއާވަގ ގެ ުމުގެނ ސް ްކެޓ ްނިއާދިއަފ ެގީރާފަޔިވ) 2011/R-35 ުރަބްނަނ ުދިއާވަގ ާވިއަފްށޮކުޙާލްޞިއ .ެވެއެރުކުމިޒާލ ްނުތޮގ ީނޫނާޤ ްށމަ ުވާބތަ ްށައގްނިލޫރ ފު ަރާއަތ ޭނެމިހ ިއަގްޕޫރްގ ެއ ،ްނުކަޏްނުފްނުކ ޭނެމިހ ިއަގްއެޕޫރްގ ެގުކަތިނުފްނުކ ،ީނާވިއަފީދްށޮކުލީސުފަތ ިއަގގްނިލޫރ ިމ .1 .ެވެތޮގ ެނާރުކުޑޯކިރ ްތާލަމާޢުމ ެއ ްށަމުނޭބ ެގުހުކެޓ ިއަގުތަލާހ ާރުކުލަދަބ ާދުމުރަހ ްށަކަޏްނުފްނުކ ްނެހެއ ގްނިލޫރ ްއަތުޠުރަޝ ިވިނަންނައ ،ްސެވަމަނ ްތޮއ ިއަފްށޮކްނާޔަބ ްށަކަތޮގ ްނެހެއ ިއަގްއެއާދްއާމ ްނެހެއ ެގުދިއާވަގ .2 ަނަވ 5 ިދައ 4 ،3 ެގގްނިލޫރ ިމ ްށަތާރަފ ޭވެރުކުލަދަބ ާދުމ ިއާށަތާރަފ ާރުކުލަދަބ ާދުމ ،ިއަގތު ަލާހ ާވަމަހިރުފ .ެވެއެނާވުދްއަރ ްފާރްގެރެޕ ްށަކަޏްނުފްނުކ ްނެހެއ ޭނެމިހ ިއަގްޕޫރްގ ެއ ،ްނުކަޏްނުފްނުކ ޭނެމިހ ިއަގްއެޕޫރްގ ެގުކަތިނުފްނުކ (ހ) ެގުނޫނާޤ ،ޭހެޖްނަކްއަދ ްސްކެޓ ިއަގޭޖްއާރިހެވިދ ްސެވ ީކަޏްނުފްނުކ ެދ ެއ ިދައ ،ްނުރުކުލަދަބ ްއެލަދުމުރަހ 3 ެ ޖްއާރިހެވިދ ،20379 ެލާމ ،ުގަމ ީނީމައ ،ީޓިރޯތޮއ ުއިނެވެރ ްޑްނަލްނިއ ްސްވިޑްލޯމ www.mira.gov.mv :ްޓިއަސްބެވ ، info@mira.gov.mv :ްލ ިއެމީއ ، (960) 331 6577 :ްސްކެފ ، (960) 332 2261 :ްނޯފެލެޓ ިނުފްނުކ ެދ ާ ރުކާސްއިހ "ްޑްލޯޝެރްތ ީރފް - ްސްކެޓ" ާވިއަފިއަޅައަޑނަކ ިއަގ (ބ) ެގާދްއާމ ަނަވ 7 ިދައ ؛ްނުވިއަގުމަކ ްށަންނުރާދާސްއިހ ެގުތާރަފ ެއ ަތަވުނ ްށަތާރަފ ާރުކުލަދަބ ާދުމ ،ްނުތޮގ ެގުލިބާޤުމ ެގުމުރުކުލަދަބ ާދުމުރަހ (ށ) ި ދައ ؛ްނުތެނ ްއެލިބާޤުމ ްނެހެއ ްނޫނ ާސްއިހ ޭވެރުކުލަދަބ ަތަވުނ/ިދައ ޭވެރުކޫދ ާރުކުލަދަބ ާދުމ ެއ ްށައަމަހ ާމުރުކުލަދަބ ާދުމ ،ީނަރުކްނުނޭބ ާދުމުރަހ ެއ ްނުތާރަފ ޭވެރުކުލަދަބ ާދުމ (ނ) .ްނުވިއަގުމަކ ްށަމުރުކ ިރާފަޔިވ ަޔިދްނުމަރުކ ްނުތާރަފ ްށަތާރަފ ޭވެރުކުލަދަބ ާދުމ ިއާށަތާރަފ ާރުކުލަދަބ ާދުމ ،ިއަގުތަލާހ ާވުދްއަރ ްފާރްގެރެޕ ަނަވ 2 ެގގްނިލޫރ ިމ .3 .ެވެއެނާދިވެރުކުރާޔިތްޚިއ ްތޮގ ިވިނަންނައ ިއަގުއިލެވ ްނުއަޑ ްންޓިރ ްސްކެޓ ެގުލަދުމ ެއ ުތުގަވ ުނުވެރުކުލަދަބ ާދުމ ެއ ،ީކަލަދުމުރަހ ުނުވެރުކުލަދަބ (ހ) ިދައ ؛ްނުވެލެބ ިއަގުމަކ ްއެލަދުމ ުނުވެލާކްއިވ ުނުވެރުކުލަދަބ ާދމު ީނޭވެރުކިނުއ ްސްނަވަލެއ ްލަޓިޕެކ ްނެގިޅުގ ާލަދުމ ެއ ުހަފްށަމުރުކުލަދަބ ާދުމުރަހ (ށ) ެއ ްނުތާރަފ ިރުކުލަދަބ ާދުމ) ީނޭވެރުކިނުއ ްސްނަވަލެއ ްލަޓިޕެކ ްނުތޮގ ެއ ިދައ ،ްނުވިއަގުމަކ ްށަތާރަފ ްށަމަކެނޭވެރުކްނުނޭބ ާދުމ ެއ (ްނިއަދީބ ެނާރުކިނުއ ްސްނަވަލެއ ްލަޓިޕެކ ަމަނަޔިދްނެގ ްނުމަރުކްނުނޭބ ާދުމ ިދައ ؛ް ނުވިއަގުމަކ ްށަތަދްއުމ ްތޮއ ީކާބ ްނުތަދްއުމ ާވިއަފްށޮކާޒާދްނައ ަތަވުނ ީނޭވެރުކިނުއ ްސްނަވަލެއ ގްނިސްނެލެބ ްނެގިޅުގ ާލަދުމ ެއ ުހަފްށަމުރުކުލަދަބ ާދުމުރަހ (ނ) ގްނިސްނެލެބ ަމަނަޔިދްނެގ ްނުމަރުކްނުނޭބ ާދުމ ެއ ްނުތާރަފ ިރުކުލަދަބ ާދުމ) ީނާގނިހ ްޖާޗ ގްނިސްނެލެބ ްށަތާރަފ ުނުވެރުކުލަދަބ ާދުމ (ްނިއަދީބ ެނާގނިހ ްޖާޗ ގްނިސްނެލެބ ަތަވުނ ެނާރުކިނުއ ްސްނަވަލެއ .ްނުވިއަގުމަކ ސް ވެ ްށަކަލަދުމުރަހ ާހިރުހ ެއ ްނުށަދ ެގގްނިލޫރ ިމ ަމަނާރުކުލަދަބ ާދުމުރަހ ަނިގ ެރުވްށަލަދުމުރަހ ްއެއ .4 .ެވެއެނޭވެރުކުނ ް އެލަދަބ ްތޮގ ާރުކުރާޔިތްޚިއ ްނުތޮގ ިމ ިދައ .ެވެކެތޮގްއެއ ީނާވްނަރުކުރާޔިތްޚިއ ތް ާލަމާއުމ ެއ ،ީނާވްނަގްނައ ްށައާރީމ ްނަކ ެއ ިއަގުތަލާހ ާރުކުރާޔިތްޚިއ ްފާރްގެރެޕ ަނަވ 3 ެގގްނިލޫރ ިމ .5 ިމ .ެވެންނުކަމުޔިލ ާގްނައ ްށޮކިއޮސ ްނުތާރަފ ޭވެރުކުލަދަބ ާދުމ ިއާތާރަފ ާރުކުލަދަބ ާދުމ ،ްނިރުކ ެގުމުގްނިހ ށް ޮކުލޫބަގ ްތޮގ ާވިއަފްށޮކުރާޔިތްޚިއ ްނުތާރަފ ޭވެރކު ުލަދަބ ާދުމ ިއާތާރަފ ާރުކުލަދަބ ާދުމ ީނާވުދްއަރ ގްނިލޫރ .ެވެންނުމުގްނެއ ްނުމުޔިލ ްނަކ ެއ ްލަރެނެޖ ރަނަޝިމޮކ ްނށު ެފ ްނަރުކުލަމަޢ .ެވެންނެގިށެފ ް ނުޚީރާތ ޭރެނ ގްނިލޫރ ިމ ީނާށަފ ްނަރުކުލަމަޢ ް ށައގްނިލޫރ ިމ .6 4 MALDIVES INLAND REVENUE AUTHORITY Malé, Republic of Maldives TAX RULING Business Profit Tax: Transfer of capital assets within a group of companies Reference No.: TR-2015/B40 Date of issue: Monday, 19 January 2015 This ruling is issued pursuant to the authority granted under Section 84 of the Tax Administration Act (Law Number 3/2010) as amended by Law Number 14/2011. Unless otherwise stated, all references to the Act are to the Business Profit Tax Act (Law Number 5/2011), and all references to the Regulation are to the Business Profit Tax Regulation (Regulation Number 2011/R-35) as amended. This ruling is legally binding. Introduction 1. This ruling explains the tax treatment of the transfer of capital assets within a group of companies. Ruling 2. Notwithstanding anything to the contrary in the Regulation, where the following conditions are met, the provisions of paragraphs 3, 4 and 5 of this ruling shall apply to the transferor and transferee: (a) There is a transfer of a capital asset between two companies that are within the charge to tax in the Maldives and share the tax-free threshold under section 7(e) of the Act; and (b) There is no consideration for the transfer other than the issue and/or transfer of shares to the transferor or its shareholders; and (c) The asset transferred is used by the transferee to carry on the same business as the transferor immediately before the transfer. 3. Where paragraph 2 of this ruling applies, the transferor and the transferee may elect that: (a) the asset transferred shall be treated as being sold for a sum equal to its tax written-down value immediately before the transfer; and 5 (b) any capital allowance which arises after the date of transfer of the asset shall be allowed to the transferee over the remaining useful life of the asset, as would have been allowed if the transferor had continued to own the asset; and (c) any balancing allowance or balancing charge which arises after the date of transfer of the asset shall be allowed to, or imposed on, the transferee, as would have been allowed or imposed if the transferor had continued to own the asset. 4. Where more than one capital asset is transferred, only one election may be made under this ruling with respect to all such assets, and such an election shall be irrevocable. 5. An election under paragraph 3 of this ruling shall be made by notice signed by the transferee and transferor and submitted to MIRA before entering into the transaction. This ruling shall apply only where the Commissioner General has given written approval of the election to the transferor and transferee. Date of Effect 6. This ruling shall have effect from its date of issue. This is the unofficial translation of the original ruling issued in Dhivehi. In the event of conflict between this translation and the Dhivehi version of this ruling, the latter shall prevail. Therefore, it is advised that both the Dhivehi version of this ruling and this translation be read concurrently. 6 ްއަތިޑަގ ާވްއުނޮފ ްށަރުދ ޭލިހ ްއަތްނުވެގްނެއ ިއާކަތްނުވެންނެދ ިއާކަތްްނާލުޢިއ ެގުޓެޒެގ ްށައ 4:00 ްނ 3:30 ުރީވަހ ، ްށައ 1:00 ްނ 12:30 ުރުދްނެމ ުކަހަވުދ ެމްނޮކ - ްށަލަޔިނ ެގުހަވުދ ިތަފްސާރުބ ްނިއަތްއީދާއ ްށައ 4:00 ްނ 3:30 ުރީވަހ ، ްށައ 11:30 ްނ 11:00 ުނުދނެހ - ްސަވުދ ުރުކުހ ްށައ 4:00 ްނ 3:30 ުރީވަހ - ްސަވުދ ުރިހިނޮހ ...yourfriendonair. ްށައ 7:45 ްނ 7:00 ުކައެރ ެމްނޮކ ެގާތުފަހ
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ވިޔަފާރީގެ ފައިދާއިން ނެގޭ ޓެކްސް: ގްރޫޕެއްގައި ހިމެނޭ ކުންފުންޏަކުން އެ ގްރޫޕްގައި ހިމެނޭ އެހެން ކުންފުންޏަކަށް ހަރުމުދާ ބަދަލުކުރުން
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