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Maldives President Approves Taxation Act Amendments, Including Increase in GST for Tourism Sector

  • President of Maldives ratifies amendments to taxation acts
  • Amendments include changes to GST rate for tourism sector goods and services
  • New departure tax and airport development fee rates to take effect on December 1, 2024
  • New green tax rates effective from January 1, 2025 with exemption for children under two
  • All amended laws to enter into force on November 5, 2024

Source: globalvatcompliance.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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