The Maldives Inland Revenue Authority (MIRA) has published the Sixth Amendment to the Goods and Services Tax Act (Law no. 20/2022), which provides for an increase in the country’s GST rates with effect from 1 January 2023. This includes an increase in the general sector (standard) rate from 6% to 8% and an increase in the tourism sector rate from 12% to 16%. Certain adjustments are also made with respect to the scope of supplies considered as tourism goods and services subject to the higher tourism sector rate.
Source Orbitax
Latest Posts in "Maldives"
- GST Rate for Tourism Goods and Services Rises to 17% Starting July 2025
- Maldives Shifts GST Policy from Origin to Destination Principle, Raises Tourism Tax
- Maldives President Approves Taxation Act Amendments, Including Increase in GST for Tourism Sector
- Maldives Enacts Law To Hike VAT On Tourism Sector
- President Ratifies Amendments to Three Taxation Acts on 5 November 2024
