The Ministry of Tourism has announced an increase in the cruise permit fee for large foreign tourist vessels, which has been raised to USD 1,000 from the previous charge of USD 324. According to the latest amendment to the Regulation Governing Foreign Tourist Vessels Cruising and Harbouring in Maldivian Waters, foreign tourist vessels are now […]
The government has introduced an amendment to replace the Tourism Goods and Services Tax (TGST) with a real estate tax on long-term rentals of villas or rooms in Maldives resorts. The proposed tax change, outlined in an amendment to the Tourism Act, underwent its first reading in parliament on Wednesday. Under the amendment, a tourism […]
Maldivian President Abdulla Yaameen has ratified the amendment to the Tourism Law, which allows for resort leases of up to 99 years.