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Maldives raises GST from 6% to 8%, 12% to 16% for tourism sector GST 2023

The Maldives Finance Ministry has announced a rise in the Goods and Services Tax from 6% to 8%. It will also increase the Tourism Goods and Services Tax (TGST) from 12% to 16%.

The new rates will come into effect from 1 January 2023.

(For approval sent to Parliament on Sept 14, 2022 – IBFD)

Source: VAT Calc

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