Hassan Zareer
7 articles
Latest
BusinessAuthorities meet with tourism industry stakeholders
Government officials and tourism stakeholders met to discuss taxing foreign tour operators and booking platforms. The proposed legislative changes aim to generate MVR 1.6 billion in annual revenue by levying TGST on offshore services. While the government reports progress, industry leaders remain concerned about the impact on the sector.
NewsRasmale' deal: Ministers provide conflicting figures on revenue
Housing and Finance Ministers have provided conflicting revenue projections for the Rasmalé project, with estimates ranging from $3 billion to $11 billion. Discrepancies also exist regarding the developer's total investment. The government granted land for 99 years without fees, relying instead on property sale and transfer taxes for income.
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Reserves are low, will "greatly improve" in six months: Muizzu
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Rasmale' deal grants foreign owners indefinite control over land
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Rasmalé to be given for 99 years against Muizzu's promise
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State will bear no costs on housing units by Abu Dhabi developer
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