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A digest of news and opinion from the Maldives.

Maldives budget

small business

Tax revisions: a burden to Maldives small businesses

4 min read

The original Dhivehi article was published on Avas.mv website on 21st November 2017. The following is a loose translation: GST Threshold to be eliminated Revision to BPT law Measures are to augment revenue To increase revenue, the government has included necessary revisions to the tax system in the next year’s budget. The Financial Minister Ahmed […]

Maldives Debt chart

Maldives budget book’s terrifying chapter

3 min read

The original Dhivehi article was published on Avas.mv website on 16th November 2017. The following is a loose translation: The new budget is a new hope. It is a new opportunity for the citizens. A prosperous future. In short, the release of the next year’s budget triggers happiness. However, Maldives budget shows a very scary […]

Parliament budget committee meeting of last year

In 2018: what will be the new tax?

4 min read

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, […]

Ahmed Munawwar - Finance minister

Maldives budgetary income proposals, an illusion

4 min read

The original Dhivehi article was published on Mihaaru.com website on 2nd October 2017. The following is a loose translation: In the past 2 years, when the national budget was proposed to the People’s Majlis (Maldives Parliament), billions of Rufiyaa was stated as projected income from Special Economic Zone (SEZ) and from other activities. However, those […]