- The Maldives has proposed amending the Goods and Services Tax Act to remove GST on inbound tourism products supplied by persons with no fixed place of business in the Maldives, reversing rules that took effect October 1, 2026.
- GST collected from foreign tour operators, online travel agents, and offshore booking platforms on these supplies from October 1, 2026 until the new law takes effect would be refunded.
- The bill would add a new GST anti-avoidance rule allowing the Commissioner General to disregard or recharacterize transactions and adjust GST where the main purpose is to obtain a GST benefit.
- It would also clarify valuation rules for certain services and expand MIRA’s information-gathering powers regarding travel agents required to register.
- The Ministry of Finance estimates the repeal would reduce GST revenue by MVR 1,608.5 million; the bill is not yet enacted.
Source: kpmg.com
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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