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Maldives Tax Information

8% GST

GST is 8% standard, 6% for tourism goods and services. Registration required above MVR 1 million turnover.

Lawyer Services to Invoice

  • Legal consultation
  • Document review
  • Contract drafting
  • Litigation
  • Court appearances
  • Research
  • Retainer services

Invoice Requirements in Maldives

Business registration
GST number
Client details
Invoice number
GST breakdown
Total in MVR

Payment Terms

Retainer upfront. Bills typically due Net 30. Trust accounts for client funds.

ކޭޝް15 ދުވަސް30 ދުވަސްދެއްކުމުގެ މުއްދަތު

Payment Methods in Maldives

Bank TransferBMLMIBCredit CardCash

Lawyer Invoice Tips

  • Bill in standard increments
  • Detail each task
  • Reference case number
  • Separate disbursements
  • Include trust account details

Frequently Asked Questions

What tax rate applies to lawyer invoices in Maldives?

Maldives has 8% GST. GST is 8% standard, 6% for tourism goods and services. Registration required above MVR 1 million turnover.

What payment methods are common for lawyers in Maldives?

Common payment methods in Maldives include: Bank Transfer, BML, MIB, Credit Card, Cash. Retainer upfront. Bills typically due Net 30. Trust accounts for client funds.

What should lawyer invoices include in Maldives?

Your invoice should include: Business registration, GST number, Client details, Invoice number. For lawyer services specifically, also include: Legal consultation, Document review, Contract drafting.

How should lawyers detail time entries?

Include date, task description, time spent, and attorney name. Use standard billing increments.

How do lawyers handle retainers?

Hold in trust. Bill against retainer and request replenishment when low.

What GST rates apply in Maldives?

Maldives has 8% standard GST and 6% for tourism-related goods and services. Some essential items zero-rated. Exports typically zero-rated. TGST (Tourism GST) at 16% on tourism services.