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

Dive taxes pose serious challenge to Fuvahmulah's budding tourism

Under new regulations gazetted by the council earlier this month, payment of the fee grants 15 days for diving.

28 June 2023

Despite looming cost hikes, subsidy reforms take back seat

Local experts say it was not possible for any government to reform subsidies

8 May 2023

All GST-registered businesses required to levy plastic bag tax

No tax will be levied on plastic bags used by the manufacturer to pack the goods to the level required for sale.

23 February 2023

Parliament heats up after tax hike vote held off over no quorum

As per the constitution, at least 57 members are required to be present on the floor of the parliament to vote on such bills.

14 November 2022

General GST revenue in Nov sees MVR 9.9m decrease

Meanwhile, general GST rate is set to rise from 6% to 8% from January.

17 December 2022

MMA relaxes stance on T-GST hike

According to the central bank, T-GST hike will boost state revenue from foreign exchange

13 November 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