ވިޔަފާރީގެ ފައިދާއިން ނެގޭ ޓެކްސް: ޓެކްސް ރޫލިންގ TR-2018/B64 އަށް 1 ވަނަ އިޞްލާޙު ގެނައުން

` ިތަފްސާރުބ 2018 ުރަބްނެސިޑ 27 – 1440 ުރިޚާއްލުޢީބަރ 20 :ުޚީރާތ 208 :ުދަދައ 47 :ްމުއިލޮވ TR-2018/B68 :ުރަބްނަނ ްސްނެރަފިރ ްށައ TR-2018/B64 ގްނިލޫރ ްސްކެޓ :ްސްކެޓ ޭގެނ ްނިއާދިއަފ ެގީރާފަޔިވ ން ުއަނގެ ުޙާލްޞިއ ަނަވ 1 ްސ ީފޮއ ެގާޔްއިރޫހްމުޖްލުސީއަރ  ިދެއ ްށަމުނިދްށޮކުޢިއާޝ ިއަގުޓެޒެގ ްއަތުލޫސުއ ިއާކަތުދިއާވަގ ުގ ަމުނާފުރުކަތުޑޮބ .ެވެށައ legalaffairs@po.gov.mv ީނާވްއުނޮފ ެޖ ްއާރިހެވިދ ،ެލާމ 3336211, 3336102 :ުނޯފ 3310274 :ްސްކެފ www.gazette.gov.mv :ްޓިއަސްބެވ ޓ ިރޯތޮއ ުއިނެވެރ ްޑްނަލްނިއ ްސްވިޑްލޯމ ެ ޖްއރާ ިހެވދި ،ެލާމ TR-2018/B64 TR-2018/B68 )ިތަފްސާރުބ( 2018 ުރަބްނެސިޑ 27 84 ( ) 3/2010 14/2011 ، TR-2018/B64 ، .1 ަނަވ 6 ެގ )ްނަޝޭޒިއަލަޓިޕެކ ްނިތ( TR-2018/B64 ގްނިލޫރ ްސްކެޓ ކަދަޞުޤަމ ެގގްނިލޫރ ިމ ، .ެވެމުރުކުރުތިއ ްއެކަތްފާރްގެރެޕ ްށަތަހަފ ެގުފ ާރްގެރެޕ ަނަވ 9 ްށޮކުޙާލްޞިއ ްފާރްގެރެޕ ަނަވ 9 ިއާފާރްގެރެޕ .2 :ްނުރުކުޙާލޞް ިއ ްށަތޮގ ިވިނަންނައ ްފާރްގެރެޕ ަނަވ 6 ެގގްނިލޫރ ، ްނުތާރަފ ެއ ްށަކަތާރަފ ްސެވްއެއ ްސެވަމަންތޮއ ިއަފްށޮކްނާޔަބ ްނެހެއ ިއަގުފާރްގެރެޕ ަނަވ 5 ެގގްނިލޫރ ިމ .6 ، ެގ )ހ( ެގާދްއާމ ަނަވ 11 ެގުނޫނާޤ ުދަދައ ަލުމުޖ ެގުޓ ްސެރްޓްނިއ ޭހެޖްނަކްއަދ ަތަވުނ ާވިއަފިއަކްއަދ ، ްސްނަވަލެއ ްލަޓިޕެކ ާރ ުކިނުއ ްނުށަދ ެގުބާބ ަނަވ 4 ެގ ުދިއާވަގ ިއާޓްސެރްޓްނިއ ާރުކިނުއ ްނުށަދ ެގުދަދ ައ ަންނައ ްނުމުރުކްއެއ ާއ )ްނުލްއެގ( / ާދިއަފ ުނުބިލ ްނިރުކ ެގުމުރުކިނުއ ްފ ލިރ ްސޮލ ެގުތާރަފ ެއ ، ިއަގުމުރުކުބާސިހ ާދ ިއަފ ާރުކާނިބ ްސްކެޓ ެގުތާރަފ ެއ ަމަނާވުރުތިއ ެރުވްށައ )ަތްއަސްނިއ ްސ ރިތ( 30% .ެވެއެނާވުނ ްނ ެގްށޮކިނ ުއ ްއެރަވްނިމ ިވުރުތިއ ެއ .3 :ްނުރުކުރުތިއ ްއެކަތުރުކައ ްށަތގޮ ިވިނަންނައ ްށތަ ަހަފ ެގ )ނ( ެގުފާރްގެރެޕ ަނަވ 9 ެގގްނިލޫރ 3 ާވުނުރުތިއ ެރުވްށ ައާޔިފުރ ްނަޔިލިމ )ިހިވ( 20 ނަދްމާއ ަލުމުޖ ެގުތާރަފ ެއ ،ިއަގުރަހައ ްސްކެޓ ެއ )ރ( ؛ްއަތްތާރަފ .ްއަތިނުފްނުކ ަންނޮއ ާސްއިހ ޓިރޯޖެމ ެގުތަލުއަދ ްނުތޮގާދ ސ )ބ( .4 ްތޮއ ްށަތަހަފ ެގޭއ ްށޮކުރުތިއ ްއެކަތްފާރްގެރެޕ ްށަތޮގ ިވިނަންނައ ްށަތަހަފ ެގުފާރްގެރެޕ ަނަވ 9 ެގގްނިލޫރ :ްނުރުކުބ ތުރަތ ުފާރްގެރެޕ ްސ ްނޭނިއަފ" ަތަވުނ ޯތްއެއ "ްސ ލ ގްނިޓޭރަޕޮއ" ކައްސ ލ ެއ ްނުތާރަފ ާފިހ ްށަޔްއުކ ،ްށަމުނޭބ ެގގްނިލޫރ ިމ .10 ،ްނުތާރަފ ޭދްށ ަޔްއުކ ިއަގ )ްސެސ ލ( 16 ްސެއ.ރާއ.ްފެއ.ިއައ ، ނާލަބ ިއަގުމުޅެއަޑނަކ ޯތްއެއ "ްސ ލ .ެވެށަޑ ަގްނިމ ަންނޮއ ްނަލަބ ިއަގުމުޅެއަޑނަކ ޯތްއެއްސ ލ ްސްނޭނިއަފ ަތަވުނ ޯތްއެއްސ ލ ގްނިޓޭރަޕޮއ ެގްސ ލ ނޭވެރުކިނުއ ިއަގުމުރުކުބާސިހ ާދިއަފ ޭވެރުކާނިބ ްސްކެޓ ،ިލުކ ާކްއަދ ްނުށަދ ެގްއެއްސ ލ ގްނިޓޭރަޕޮއ .11 .ެވެންނުކައްސިސޭބ ްނިއަލ ްޓިއަރްޓްސ ިއަގުތަދްއުމ ، ްސްނަސިއަލ ްނ ޓިރ ޯތޮއ ރަޓިނަމ ްސްވިޑްލޯމ ްސެވަމަނ ްތޮއ ިއަފްށޮކްނާޔަބ ްށަކަތޮގ ްނެހެއ ިއަގގްނިލ ޫރ ިމ .12 ގްނިސ ލ ަތަވ ުނ ްށަކަޏްނުފްނުކ ްސްނޭނިއަފ ގްނިސުއަހ ަތަވުނ ްށަކަކްނޭބ ާގްނިހ ިއަގޭޖްއާރިހެވިދ ްނެގިބިލ ާދ ިއަފ ާރުކާނިބ ްސްކެޓ ،ުދަދައ ަލުމުޖ ެގުޓ ްސެރްޓްނިއ ޭހެޖްނަކްއ ަދ ަތަވުނ ާކްއަދ ްށަކަޏްނުފްނުކ ްސްނޭނިއަފ .ެވެއެނާދިވެރުކިނުއ ިއަގުމުރުކުބާސިހ ްޓިފިނެބ ްކިލްބަޕ ާވިއަފްށޮކްނާޔަބ ިއަގ ރިތ ،ްސ ެވަމަނ ްތޮއ ިއަފްށޮކްނާޔަބ ްށަކަތޮގ ްނެހެއ ިއަގގްނިލ ޫރ ިމ .13 ަތަވުނ ާކްއަދ ްށަކައާރާދިއ ލާމ ަތަވުނ ްށ ަކަކްނޭބ ާރުކުލޫބަގ ްނިއާރ މ ،ްށަކަޏްނަރަދ ާގަނ ްށަމުނިދ ްއެތަމުދިޚ .ެވެއެނާދިވެރ ުކިނުއ ިއަގުމުރުކުބާސިހ ާދިއަފ ާރ ުކާނިބ ްސްކެޓ ،ުދަދައ ަލުމުޖ ެގުޓްސެރްޓްނިއ ޭހެޖްނަކްއަދ ެގުމ ލުޢަތ ޭދ ްނުކަނަތ ޭދްތަމުދިޚ ެގުމ ލުޢަތ ްނެގްށޮކ ރަޓްސިޖަރ ިއަގްއެއާރާދިއ ޭހެބާމަކ ެގުރާކުރަސ )ހ( ؛ްތަމުދިޚ ޙްއިޞ ޭދ ްނުކަނަތ ޭދްތ ަމުދިޚ ޙްއިޞ ާގްނިހ ްނެގްށޮކ ރަޓްސިޖަރ ިއަގްއެއާރާދިއ ޭހެބާމަކ ެގުރާކުރަސ )ށ( .ްތަމުދިޚ ްސ ަވުދުރަހައ )ްއެހަފ( 5 ްނެގިށެފ ްނުހަވުދ ަމަތަރުފ ެގުރަހައ ްސްކެޓ ާށަފ ްށަމުނިދ ްތަމުދިޚ ްޓިފިނެބ ްކިލްބަޕ .14 .ެވެއެނާވުނ ްއެދްއަރ ްފާރްގެރެޕ ަނަވ 13 ެގގްނިލޫރ ިމ ްށަކަތަމުދިޚ ެއ ،ްނުމުވުތިއާފ ްސްކެޓ ނާގނިހ ްއަތުޙާލްޞ ިއ ާވިއަފްސެނެގ ްށައގްނިލޫރ ިމ ްށޮކިރެވުދެމ TR-2018/B68 ގްނިލޫރ ްސްކެޓ .15 .ެވެށަކަތުރަހައ ްސްކެޓ ޭށެފ ްނުހަފ ެގޭއ ިއާއ 2018 ުރަހައ ، ، .5 ްނުޚ ރާތ ާރުކުޢިއާޝ ިއަގުޓެޒެގ ެގުރާކުރަސ ހި ެވިދ ގްނިލޫރ ިމ ނާށަފ ްނަރުކުލަމަޢ ްށައގްނިލޫރ ިމ .ެވެންނެގިށެފ 4 MALDIVES INLAND REVENUE AUTHORITY Malé, Republic of Maldives TAX RULING Business Profit Tax: First amendment to the Tax Ruling TR-2018/B64 Reference No.: TR-2018/B68 Date of issue: Thursday, 27 December 2018 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 Ruling are to the Tax Ruling TR-2018/B64 (Thin capitalization). This ruling is legally binding. Introduction 1. This ruling amends paragraph 6 and 9 of the Tax Ruling TR-2018/B64 (Thin capitalization), and inserts new paragraphs after paragraph 9 of the Ruling. Ruling 2. Amend paragraph 6 of the Ruling as follows: 6. Notwithstanding paragraph 5 of this ruling, the total amount of interest paid or payable by a person exceeding the amount of 30% of the profit / (loss) before loss relief increased by the amount of interest otherwise deductible under section 11(a) of the Act and the amount of capital allowances deductible under chapter 4 of the Regulation, shall not be deductible in the computation of taxable profit of that person. 3. Insert the following subparagraphs after the paragraph 9(c) of the Ruling: (d) persons whose turnover for the tax year is MVR 20 million or less; (e) State-Owned Enterprises (SOEs), of which the Government of the Maldives directly holds majority of the ordinary share capital. 4. Insert the following paragraphs after the paragraph 9 of the Ruling, and renumber the subsequent paragraph: 10. For the purpose of this ruling, a lessee shall use the classification test that applies to lessors under IFRS 16 Leases to classify leases as either operating lease or finance lease. 5 11. Rental payments under an operating lease shall be deductible over the lease term on a straight-line basis in the computation of the taxable profit. 12. Notwithstanding anything to the contrary in this ruling, the total amount of interest paid or payable to a bank or housing finance company or leasing finance company licensed by Maldives Monetary Authority (MMA) and operated in the Maldives shall be deductible in full in the computation of the taxable profit. 13. Notwithstanding anything to the contrary in this ruling, the total amount of interest paid or payable to a bank or financial institution approved by MIRA in respect of a debt used to finance the following public benefit services shall be deductible in full in the computation of the taxable profit: (a) Education provided by an educational institution registered with the relevant Government authority; (b) Health services provided by a health service provider registered with the relevant Government authority. 14. Paragraph 13 of this ruling shall cease to apply to the public benefit service after the elapse of 5 years from the 1st day of the tax year in which the operation of that public benefit service commences. 15. The amendments to this ruling via Tax Ruling 2018/B68 shall apply to the tax year 2018 and thereafter. Date of Effect 5. This ruling shall have effect from its date of publication in the Government Gazette. 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