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Implication of GST increase on Islamic finance offered by private companies

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dc.contributor.authorAishath Muneeza
dc.date.accessioned2022-12-20T06:55:22Z
dc.date.available2022-12-20T06:55:22Z
dc.date.issued2022
dc.description.abstractPursuant to the sixth amendment to the Goods and Services Tax (GST) Act, the rate of tourism sector GST and general sector GST will increase to 16% and 8% respectively from the 1st January 2023. As such, the Maldives Inland Revenue Authority (MIRA) has released a circular on the 24th November 2022 informing that GST must be charged at the new rates if the 'time of supply' of a transaction occurs on or after the 1st January 2023. MIRA also advised to take the necessary action to bring any system changes beforehand that may be required to charge GST at the new rates, and to have a ready arrangement to display the prices of goods and services inclusive of the new rates.en_US
dc.identifier.citationMuneeza, A. (2022). Implication of GST increase on Islamic finance offered by private companies. Islamic Finance News, 19(49), 16.en_US
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3713
dc.languageEnglish
dc.language.isoengen_US
dc.publisherRedmoneyen_US
dc.rights2022. Redmoney
dc.sourceSEDONA
dc.subjectGoods and Services Tax (GST)en_US
dc.subjectImplicationen_US
dc.subjectIslamic financeen_US
dc.titleImplication of GST increase on Islamic finance offered by private companiesen_US
dc.typeIndustry Articleen_US
dlc.maintopicIslamic financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic financeen_US
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication.latestForDiscovery81014255-5cb8-46bc-ad81-bf6d8a3a0702
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