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A digest of news and opinion from the Maldives.

Import Duty

12% Increase in National Income Expected for 2017

12% Increase in National Income Expected for 2017

By Maldives Times 1 min read

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 […]

A Customs officer checks a cargo of imported goods. PHOTO/CUSTOMS

Import duty spikes by 14 percent in August

By Maldives Times 1 min read

A Customs officer checks a cargo of imported goods. PHOTO/CUSTOMS Revenue from import duty increased by 14 percent in the month of August, announced Maldives Customs Service. Customs’ official statistics show that the Maldives imported goods worth MVR 3.1 billion last month, compared to the MVR 2.8 billion recorded last year August. The Maldives imported […]