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

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

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

Fuvahmulah to charge $20-200 for diving

Some safari operators have expressed concern over the imposition of fees on diving in the waters of Fuvahmulah.

7 June 2023

Tourism association opposes tax hike 'for the moment'

MATI has sought a minimum of 12 months or one year to implement any change in taxes.

26 October 2022

Don't hike TGST to meet expenses, central bank tells government

The Maldives Monetary Authority (MMA) said that the government must look at cutting costs rather than raising taxes to manage expenditure.

11 November 2022

Parliament passes controversial tax hike bill

Upon ratification, the tax hike will come into effect from January.

16 November 2022

'Yellowfin tuna industry will disappear without govt support'

Currently, 24% tax is required to be paid to export fish, which means companies buying fish do so by buying fish at a very low price.

18 December 2022