Maldives has met all aspects of the terms of reference (OECD, 2017[3]) (ToR) for the calendar year 2018 (year in review) that can be met in the absence of rulings being issued.
This is the first review of Maldives’ implementation of the transparency framework.
Maldives does not issue any type of rulings within the scope of the transparency framework. Maldives issues public tax rulings, legally binding on the Maldives Inland Revenue Authority and on taxpayers. These documents are very general and do not cover the categories of rulings as defined in the Action 5 report (OECD, 2015). Theoretically, there is no legal impediment for Maldives to issue rulings, but in practice Maldives does not issue any rulings. In the event that Maldives put in place the administrative process to issue rulings, Maldives would be asked to implement the transparency framework obligations.
As no exchanges were required to take place, no peer input was received in respect of the exchanges of information on rulings received from Maldives.