The Maldives government reportedly submitted a draft bill in parliament on 14 September 2022 to increase the current GST rates. This includes an increase in the standard rate from 6% to 8% and an increase in the rate on the supply of tourism goods and services from 12% to 14%. Subject to approval, the increase is to apply from 1 January 2023.
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
