TGST
4 articles
Latest
BusinessMATATO welcomes reversing destination principle tax
MATATO has welcomed the Maldivian government's decision to reverse a tax on foreign tour operator commissions. The move follows industry pushback and threats from international partners to stop selling the destination. The government now plans to amend the Tax Act to ensure the Maldives remains competitive in the global tourism market.
BusinessRussian Travel Union seeks exemption from new tax rules
The Russian Travel Union has asked the Maldives to exempt its tour operators from new tax rules requiring them to pay Tourism Goods and Services Tax on final sales. The union argues that taxing business activities conducted within Russia is legally impossible and lacks a practical mechanism for foreign oversight.
