Maldives Inland Revenue Authority
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NewsMaldives to revise foreign tour operator tax
The Maldives government will revise a new tax on foreign tour operators just days after its implementation following industry backlash. President Mohamed Muizzu ordered the changes to the Tourism Goods and Services Tax Act after major travel agents and international operators raised concerns about the impact on the tourism sector.
NewsMajlis raises withholding tax for foreign contractors
The People’s Majlis has passed an amendment to the Income Tax Act, doubling the withholding tax for non-resident contractors from five to 10 percent. The change, which treats the tax as a final levy, is expected to generate an average of MVR 251 million in additional annual state revenue.
