Permit fee for foreign cruise ships raised to $1,000

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 […]

Govt proposes Real Estate Tax to replace TGST on long-term resort villa rentals

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 […]

President ratifies bill to extend resort leases to 99 years

Maldivian President Abdulla Yaameen has ratified the amendment to the Tourism Law, which allows for resort leases of up to 99 years.