Tax hike may lead to $50 million tourism loss, MATATO warns

MATATO's statement accused Minister Ameer of giving “flawed” information to the IMF and the World Bank.

24 November 2022

WAMCO begins selling dustbin bags

When the law first came into force, there was also public outcry over WAMCO's failure to start selling bags.

27 April 2023

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

New tax rates to come in to effect from Sunday

The decision to increase the tax rate was taken to boost the government's revenue due to the current slowdown in the global economy.

31 December 2022

Tax bill green-light vital for fiscal sustainability: Ameer

The bill was passed after protests erupted in parliament and had snowballed into a major issue.

17 November 2022

Tax hike bill ratified; to increase from January 2023

GST will be hiked from 6% to 8% and T-GST from 12% to 16%

22 November 2022

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

Tax hike will lead to MVR 50-100m tourism loss: MATI

MATI said that most of the resorts have already entered into agreements with tour operators till next summer.

29 November 2022