Green Tax | Atoll Times

Green Tax

Revenue in March exceeds estimate by 26%

The MIRA said revenue increased more than expected last month due to higher income tax and GST paid by banks.

Muizz says won't change existing taxes, rates

Muizz's vision is to limit the opportunities available to state-owned companies while increasing the opportunities for small businesses.

Democrats pledges to 3-year TGST waiver for regional hotels

Ilyas also proposed 50% deduction of TGST payable for another seven years.

Green Fund sees deposits hike by MVR 200m to reach MVR 1b

According to the latest Green Fund report released on Tuesday, the fund balance stood at MVR 988.8 million at the end of last month.

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MVR 1.51b tax revenue in November

At the end of last month, the state earned MVR 19.4 billion in revenue through MIRA.

10 December 2022

Green Fund used to address coconut shortage

The agriculture ministry has since brought in 5,000 coconut palms to the Maldives from the Indian state of Kerala.

TGST, Green Tax dues cross MVR 1 billion

Meanwhile, a 2020 audit of the state tax agency had revealed that the dues for resort rent and fines had reached MVR 17 billion.

18 October 2022

Green Tax revenue exceeds estimates despite 'mistake' ban

Due to an error in the Green Tax commencement date during the drafting of a July amendment, Green Tax could not be levied for two months.

Green Tax generates MVR 73 million despite erroneous ban

In August, $4.7 million was received as Green Tax.

10 September 2022

MPs call for green tax allocation to origin islands

Some MPs have said that if Green Tax is distributed to an island, it is unfair to other islands.

5 September 2022

Parliament green-light for 'mistake' Green Tax ban reversal

In Wednesday's sitting, 50 members voted in favour of the committee's decision.

21 September 2022

Maldives rolls back 'mistake' Green Tax ban

The amendments allow the state to collect Green Tax if it was collected even after the July amendment.

21 September 2022