Green Tax Revenue Rises
The Maldives’ Green Tax collections have risen to MVR 976 million as of 5 December, according to the Ministry of...
State Revenue for October Lower Than Last Year, Higher Than Projected
The Maldives Inland Revenue Authority (MIRA) collected MVR 1.73 billion last October, statistics show. While 14.2 percent lower than over...
Muizzu Contradicts Key Pledge; Signs Tax Hikes Into Law
President Mohamed Muizzu, less than a year after pledging not to raise any taxes, on Tuesday ratified amendments that will...
Parliament Considers Hikes to Tourism-Related Taxes and Levies
The Parliament, on 16 October, accepted for consideration two bills seeking to increase the Tourism Goods and Services Tax (TGST),...
Government Outlines Debt Management Strategy Focused on Minimising Public Impact
Finance Minister Mohamed Shafeeq has told Parliament that the Mohamed Muizzu administration plans to implement its strategy to tackle mounting...
More Tax Hikes Coming: Government’s 2024 Medium Term Revenue Strategy
The Ministry of Finance will seek to increase the GST, green tax and telecom fees as well as import duties...
Green Fund 2024 Q1 Disbursements at MVR 114 Million, Collections Total MVR 1.3 Billion
The state’s Green Fund disbursed MVR 114 million in the first quarter (Q1) of 2024, according to the Green Fund...
Green Tax Should Be Allocated to Resource EPA: Justice Suood
The Environmental Protection Agency (EPA) should be an autonomous, legally independent entity, Supreme Court Justice Husnu Al Suood said on...
State Revenue up 34.4% in March
State revenue increased by 34.4 percent in March compared to the same period last year, according to the Maldives Inland...
State Expenditure Rises to MVR 7 Billion in February
The state had spent a total of MVR 7 billion this year as of end of February, with revenue exceeding...

