Tax

26 articles

Latest

Govt urged to suspend dollar mandate and tax changes

Tourism advocacy group Destination Future is urging the government to suspend a planned 40% foreign currency conversion mandate and new tax changes for tour operators. The group warns these measures could cause irreparable damage to the industry, which is already struggling with declining occupancy and rising supply costs.

5 days ago

Business

Revenue growth slows due to decline in tourist arrivals

State revenue growth slowed in April as tourist arrivals declined due to regional conflict, with MIRA collecting MVR 2.62 billion. Despite this monthly dip, total annual revenue remains MVR 2.1 billion higher than last year. Officials have revised forecasts downward but hope for a recovery following the current off-peak season.

4 months ago

Business

Latest

Govt urged to suspend dollar mandate and tax changes

Revenue growth slows due to decline in tourist arrivals

Noonu atoll resorts generate USD 60 million a year

Dr. Ikleel and Dr. Latheef charged with tax fraud

Nearly 1.5 billion earned in dollar revenue

Bill proposes to increase tax penalties

TGST to increase to 17 percent starting next month

Stay order on returning taxes to Singapore company

President Muizzu breaks promise and hikes taxes

MDP opposes hiking TGST and Green Tax

No point in raising taxes without cutting spending: Ameer

MATATO backs reforms including collection of tax in dollars

Companies earning in dollars to pay some taxes in dollars

GST to be charged from websites such as Shein, Amazon and Netflix

Airport Development Fee and Departure Tax to be increased

Duty threshold raised for items imported for personal use

India's Go Air ordered to pay USD 3.6 million to MIRA

Budget surplus with lower spending and revenue

Fewer resorts named as land rent non-payers

10 projects by Indian companies exempt from tax