FJS concludes tax review engagement carried out for Atmosphere Group of Hotels and Resorts
February 7, 2021
FJS concludes tax review engagement carried out for Atmosphere Group of Hotels and Resorts. This engagement covered the corporate office of the group, and the resorts operated and managed by the group. Namely, Ozen by Atmophere at Maadhoo, Oblu by Atmosphere at Helengeli, Oblu Select by Atmosphere at Sangeli and Kanifushi Island Resort in the republic of Maldives. This engagement was carried out on a bi-annual basis for one year, from 01 January 2019 to 31 December 2019 where FJS determined and reported on whether the tax assessment and payment system adopted by the group conforms to the requirements of the Maldives Inland Revenue Authority (MIRA) and Maldives Pension Administration Office (MPAO). FJS is currently engaged in advising the management of Atmosphere Group of Hotels and Resorts on the amendments to the relevant tax laws, regulations and rules issued by the relevant authorities and bodies. FJS is also the representative engaged, on behalf of Atmosphere Core Pvt Ltd and Atmosphere Kani Resort Pvt Ltd, for a case appealed at the Tax Appeal Tribunal.
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