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),…
MIRA Collects MVR 639 Million in Revenue; Receivables Exceed MVR 10 Billion
The Maldives Inland Revenue Authority (MIRA) has collected MVR 639 million in taxes and other revenue, according to the agency’s…
State Revenue Hits MVR 2.33 Billion in February, Outpaces 2023 Collections and 2024 Projections
The state received MVR 2.33 billion in revenue last month, according to data released by the Maldives Inland Revenue Authority…
Government Will Introduce Legislation Re-Directing State Revenue to Councils: President Muizzu
The Maldives Inland Revenue Authority (MIRA) will re-direct a percentage of the revenue collected collected for the state to councils,…
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…