A digest of news and opinion from the Maldives.
A 12% increase in national income is expected in 2017 compared to 2016. According to the government, this is due to the increasing economic growth rate and economic development projects that have been implemented successfully. During the year, import duty for cigarettes, fizzy drinks and energy drinks was increased. Additionally, an airport development fee policy […]
In the first 3 quarters of 2017, over USD 2.07 billion has been recorded as tourism receipts. This is 2.8% more than the tourism earning for the same period of 2016. In 2016, USD 2.01 billion was received from January to October. The tourism receipts are calculated based on the Goods and Services Tax (GST) […]
The government of Maldives has proposed to bring amendments to tax regulations of the country. These amendments are expected to help increase national income. One of the changes that would be brought about is the dissolution of the threshold for registration statement of Goods and Services Tax (GST). Additionally, there will be changes to Business Profit Tax (BPT) […]