Maldives hikes departure fees, TGST, Green Tax
President Mohamed Muizzu on Tuesday ratified amendments to several laws, leading to an increase in the fees charged for passengers departing from airports, a higher Tourism Goods and Services Tax (TGST), and a doubled green tax. The amended laws include the Tourism Act, the Value Added Tax Act, and the Taxes and Fees on Passengers […]
MP Mohamed Abbas advocates cautious tax increases to protect Maldives tourism
On Tuesday, Velidhoo MP Mohamed Abbas advocated for a balanced strategy regarding the proposed increase in tourism-related taxes in the Maldives, stressing the importance of safeguarding the industry from potential disruptions. Abbas, who serves as vice-president of the Maldives Development Alliance (MDA) led by businessman Ahmed Siyam Mohamed, voiced his views during discussions on the […]
Income tax return deadline extended to accommodate Eid holidays
Maldives Inland Revenue Authority (MIRA) has said that the deadline for filing income tax returns has been extended. In a recent announcement, MIRA said the decision was made to allow individuals and businesses more time to prepare and submit their financial statements for the year 2022, considering the extended Eid holidays falling at the end […]
Withholding Tax and tourism sector GST moves online
The Maldives Inland Revenue Authority has on Monday issued a ruling mandating the online filing and payment of Withholding Tax and tourism sector GST.
