Transfer Pricing

Maldives: Introduction of Transfer Pricing

Transfer Pricing

Transfer Pricing is one of the most critical issues faced by international businesses. It’s an important anti-avoidance tax law that has been adopted by many governments across the world to protect their tax base. Topic of Transfer Pricing (TP) has obtained a significant momentum over past few years especially after introduction of Base Erosion and Profit Shifting (BEPS) framework by Organisation of Co-Operation and Development (OECD).


Maldives, owing to its commitment to BEPS inclusive framework, has introduced transfer pricing documentation regulations, which are largely modelled on BEPS Action Plan 13 - ‘Transfer Pricing documentation and Country-by-Country Reporting.’ In June 2020, Maldives Inland Revenue Authority (MIRA or tax authority) introduced Transfer Pricing Regulation 2020/ R-43 (Regulation) and in January 2021, MIRA has introduced Country by Country (CbC) Reporting Regulation 2021/R-9.


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Abdulla - new
Abdulla  Mohamed Didi
Crowe Maldives LLP
Hassan  Mohamed
Managing Partner
Crowe Maldives LLP
Fathimath Jeehan
Associate Director,  
Practice Management