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Maldives Medium Term Revenue Strategy: How Can CFOs Be Ready?

This article outlines the new revenue measures and provide recommendations aiming to help CFOs navigate the changes brought about by the new revenue measures, ensuring that their companies remain financially stable and profitable, while concurrently contributing to the long-term financial stability

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Maldives GST rates to increase from 1st January 2023

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

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The Maldives introduces Departure Tax

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.

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