Remittance Tax Notice

IMPORTANT NOTICE FOR EXPATRIATES WORKING IN MALDIVES

 

Ø  All remittance from the bank account of expatriates shall be subjected to 3% remittance tax from 1st Oct'2016.

Ø  In normal course all remittance are to be sent by the customers maintaining an account with SBI.

 

Ø  Customers having MVR account and depositing USD for remittance needs to submit following:

·        MVR deposit slip along with USD cash

·        Green remittance form : Remittance form for remittance from MVR account

 

Ø Remittance of non-customers may be allowed subject to approval of CM (Remittance). Following documents are to be submitted with any remittance request received from non-customers:

·        Copy of Passport

·        Copy of Work Visa

·        Copy of passbook