A digest of news and opinion from the Maldives.
According to statistics by the Finance Ministry, MVR 5.2 million ( USD 337,700 ) was generated from Green Tax revenue. This is a decrease of 92.7% compared to the amount in August last year. From the total amount, USD 279,260 was from resorts in the country. The remaining contributors include hotels, guesthouses and safaris. The […]
According to the statistics of the Ministry of Finance, the revenue from the green tax has declined by 93% to MVR 3.9 million in June 2020 while MVR 56.4 million was collected during June 2019. Due to the COVID-19 pandemic, several restrictions were initiated including the closure of the country’s borders which restricted tourist arrivals. […]
The green tax collected during the month of May 2020 by Maldives Inland Revenue Authority (MIRA) has decreased by 89% compared to May 2019. According to the monthly report by MIRA for May 2020, the green tax collection amounted to MVR 7.9 million while MVR 77.6 million was collected as green tax during May 2019. […]
Ministry of Finance has revealed that the Green Tax revenue generated for February 2020 declined by 3.5 per cent. As per the Ministry’s Green Fund Report, Green Tax dropped in comparison with the same period in 2019. The total revenue earned for February, in Green Tax was recorded at MVR 77,023,981.14. The Ministry’s Green Fund […]
The original Dhivehi article was published on Avas.mv website on 18th October 2017. The following is a loose translation: With every year’s budget, new items are also declared. Specifically as income returns. It has become a recent norm to see a new tax introduced every year. Question is, as a new source of generating income, […]