The High Court unanimously upheld a MIRA assessment requiring Turkish firm Turmaks to pay MVR 25 million in unpaid GST on materials imported for the Tree Top Hospital construction project in Hulhumalé. Turmaks' appeal against the Tax Appeal Tribunal's earlier ruling in MIRA's favour was dismissed.
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The High Court has upheld a decision by the Maldives Inland Revenue Authority (MIRA) requiring Turmaks, the Turkish company that constructed Tree Top Hospital, to pay MVR 25 million in unpaid Goods and Services Tax (GST) related to imported materials.
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The dispute originated from a contract between Tree Top Health and Turmaks for the construction of Tree Top Hospital in Hulhumalé, a project valued at USD 110 million.
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