GST Act Amendment Aims to Curb Loss of Tourism Revenue: Finance Ministry
The Goods and Services Tax Act (Act Number 10/2011) will be amended starting mid-2025 in order to address ongoing tourism…
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…
May 2024 Revenue Lower Than in 2023, Higher Than Projected: MIRA
There was a 4.8 percent drop in state revenue in May 2024 compared to the same period last year, data…
State Revenue Reaches MVR 11 Billion
The state’s tax and non-tax revenue for 2024 climbed to MVR 11 billion as of April, according to data released…
Government Appeals Civil Court Ruling on GST Payment for Dharumavantha Hospital
The government has challenged a Civil Court decision at the High Court, which mandates the government to settle Goods and…
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…
State Expenditure at MVR 4 Billion; 30% Lower Than in 2023: Finance Ministry
State expenditure stood at MVR 4 billion so far this year, the Ministry of Finance has said. According to the…
State Revenue Exceeded Expenditure in January: Finance Ministry
Revenue exceeded expenditure by MVR 585 million in the first month of the year, according to data released by the…
MPs Debate Tax Reforms and Development Incentives in Tourism Sector
Concerns Over Proposed Tourism Real Estate Tax Members of the Parliament have raised serious concerns about the Tourism Act Amendment…
