BUSINESS

Maldivian govt slaps USD 20.5 mn income tax notice on GMR

Maldives slaps $20.5 mn tax notice on GMR

The Maldivian government has slapped a notice seeking $20.5 million towards income tax and fines on GMR Male International Airport (P) Ltd., a GMR group company, that won $271 million arbitration against the premature termination of Male International Airport contract. The Maldives Inland Revenue Authority had issued tax audit reports and notice of tax assessments demanding business profit tax.pti