Mohamed Dawood
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NewsBill passed to tax offshore booking platforms and tour operators
The Maldives Parliament passed a bill to tax offshore booking platforms and foreign tour operators starting October 1. The legislation applies GST to all goods and services provided in the country, regardless of the provider's physical location. This move aims to implement a "destination principle" for taxing inbound tourism products.
NewsGovt proposes GST expansion to foreign tourism platforms
The Maldives government has introduced a bill to expand GST to offshore booking platforms and foreign tour operators starting October 1. The amendment aims to apply a 16% tax rate to all tourism services provided within the country, regardless of the business's physical location. This move seeks to implement a "destination principle" for tax.