Maldives Raises GST Rate for Tourism Industry to Boost Revenue

• Maldives has increased the GST rate for the tourism sector
• The new rate will apply to goods and services provided by tourism establishments
• The increase is part of efforts to boost government revenue
• The tourism sector is a key driver of the Maldives economy
• The new rate will help fund infrastructure development and public services.

Source: research.ibfd.org

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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