Archive for: ‘May 2021’

Maldives supply vacationers vaccines on arrival

May 17, 2021 Posted by kyu7

The Maldives will soon be offering vaccinations to visitors upon arrival. This is part of their tripartite initiative to revitalize the country’s hard-hit travel sector, said the tourism minister.

Currently, visitors to the Maldives must present a negative polymerase chain reaction (PCR) test and proof of hotel booking to gain entry. Mausoom said the country’s health protection agency will “very soon – maybe even this week” make an announcement of unrestricted entry to vaccinated arrivals.

The Maldives, an archipelago state in South Asia known for its tropical beaches and pristine waters, is heavily dependent on its tourism industry. Around 67% of the gross domestic product (GDP) comes directly and indirectly from the sector.

The Minister of Tourism would not be pressured into a timetable for introducing visitor vaccination. He noted that the government’s priority is to ensure that all resident populations get their first and second shots first.

However, once that process is complete, the country will be ready to vaccinate arrivals, he said.

I don’t think the supply in the Maldives is a problem because our population is relatively small.

Abdulla Mausoom

Minister of Tourism, Maldives

To date, according to Reuters’ vaccination tracker, around 53% of the approximately 530,000 inhabitants of the island state have received their first dose. Around 90% of frontline tourism workers have received their first dose, Mausoom said.

Mausoom didn’t say whether the comers are expected to pay for their shots, but he said supplies would not be an issue.

He said the country has received vaccine donations from India, China and the World Health Organization’s Covax program, which is designed to ensure vaccines are distributed fairly and equitably. The Maldives have also ordered additional supplies from Singapore, he said.

“I don’t think the supply in the Maldives is a problem because our population is relatively small,” said Mausoom. “The quota that we receive from the various organizations and friendly nations will also help.”

White sand and clear water in the Maldives.

Mausoom said the tourism campaign is a necessary strategy to help the country meet its goal of 1.5 million tourist arrivals and 10 million overnight stays this year.

“If we achieve this year’s goal, we will still be short of the country’s needs,” he said. “Still, that’s a lot better than we expected at the end of 2020.”

Work – Working in the Maldives has become very trendy. You see very rich executives, executives of companies who come here and are based here.

These taxpayers should meet the April 15th submitting deadline

May 1, 2021 Posted by kyu7

Some taxpayers have yet to send money to Uncle Sam this April, despite the fact that the IRS has extended the tax filing season to May 17th.

Those making estimated tax payments still have to pay their first quarterly levy, due on the original April 15th tax return deadline.

This includes people whose income cannot be withheld, such as B. Self-employment income, interest, dividends, rent and alimony, according to the IRS.

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This primarily affects freelance and gig employees, as well as small business employees such as sole proprietorships, partners, and S Corporation shareholders – generally anyone who doesn’t work for an employer who withholds taxes from their paychecks.

The due date is a change from 2020 when the IRS moved the deadline for the first of four estimated tax payments due to the coronavirus pandemic to July 15. However, the agency did not roll back the three remaining payments – the second quarterly payment was also due on July 15, 2020.

What do you have to do

To avoid penalties for underpaying estimated taxes, individuals who owe more than $ 1,000 in tax after withholding taxes and credits must pay the IRS at least 90% tax for the current year or 100% tax for the previous year, as the case may be which value is smaller.

This tax is paid in four quarterly installments and can be sent to the IRS either online or with a check. For those with constant income all year round, these payments are generally the same, but can be varied for those with unequal incomes.

Since taxpayers need to know their last year’s earnings based on their estimated payments, this group is unlikely to be able to take advantage of the extended filing season.

To calculate a quarterly estimated payment, taxpayers must either project their income for the year or have the previous year’s income on hand as they would on their tax return.

“You have yet to complete the 2020 return to get a bottom line estimate,” said Rhonda Collins, director of tax content and government relations for the National Association of Tax Professionals. “So it will still be a bit of work for the taxpayer.”

In addition, small businesses and self-employed people who pay estimated taxes are particularly hard hit by the Covid pandemic and may have several problems that would make tax filing difficult. Some may have loans through the paycheck protection program, a disaster loss loan, or a grant.

“When you put all of these things on top of each other, there really is no relief to these people,” said Barry Melancon, accountant, auditor, and president and CEO of the American Institute of CPAs.