Tax Planning

Tax Planning

At Suood & Anwar LLP, we help our clients to plan their tax obligations such a way that they do not pay anything beyond what they are supposed to pay after considering all the benefits available within the Laws and Regulations. Like any other planning, early involvement is a hallmark of a successful outcome.

Our tax planning operation cuts right across the main tax laws of the Maldives, which includes but not limited to Business Profit Tax (BPT), Goods and Services Tax (GST), Withholding Tax (WHT) and Green Tax (GRT). Clients require individual tax planning strategies and, as specialist tax accountants, we are skilled in advising across the spectrum of situations arising regularly or as one-off transactions. Planning to reduce your tax burden while remains compliant with Laws and Regulation is completely legitimate and to do that, right advise at the right time is very important.

All advice that we provide will be fair, responsible and will ensure that you optimize your tax position while ensuring that you meet all the compliance requirements of MIRA.

Our services include:

  • Assist client to design and implement tax-planning strategy for domestic and international transactions in compliance with relevant laws and regulations.
  • Assist client to structure business transactions in compliance with tax Laws and Regulations.
  • Assist client to determine the best capital structure to mitigate the risk of negative consequences of thin capitalization.
  • Advice on remuneration planning strategies for shareholders, directors and related parties.