- President ratified new amendments to three taxation acts on 5 November 2024
- Seventh amendment to GST Act increases rate to 17% for tourism sector goods and services from 1 July 2025
- Goods and services sold in cafes in tourist establishments will be subject to 8% GST from 5 November 2024
- Second amendment to ATF Act introduces new rates for Departure Tax and Airport Development Fee from 1 December 2024
- Registered persons can request a refund for excess tax collected from passengers
- Fourteenth amendment to Tourism Act introduces new rates for Green Tax from 1 January 2025
- Children under 2 years old will be exempt from Green Tax from 1 January 2025.
Source: mira.gov.mv
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.
