The Maldivian government has announced amendments to its tax laws, specifically affecting the tourism sector. These changes include an increase in the Tourism Goods and Services Tax (TGST), an increase in the Green Tax, and adjustments to airport taxes and fees.

CST Advisory LLP is proud to announce that we have successfully obtained the Audit License from the Institute of Chartered Accountants of Maldives (CA Maldives), marking a significant milestone in our commitment to providing the highest standards of audit and assurance services.

In an effort to facilitate taxpayers in preparing their income tax returns and financial statements, MIRA has announced a deadline extension for the submission of income tax returns and payment of tax for the year 2022.

Pursuant to the sixth amendment of the Goods and Servies Tax Act, the rates for tourism sector GST and general sector GST will increase to 16% and 8% respectively effective from 1st January 2023

The Maldives introduces Departure Tax and brings changes to the rates charged as Airport Development Fee for the persons departing from Velana International Airport, effective from 1 January 2022.