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News tax hikes / campaign pledge Maldives Impact 9.0/10 3 min read
Muizzu Contradicts Key Pledge; Signs Tax Hikes Into Law

Muizzu Contradicts Key Pledge; Signs Tax Hikes Into Law

President Mohamed Muizzu signed amendments raising tourism goods and services tax (TGST), green tax, and airport fees, contradicting his campaign pledge not to raise taxes. TGST will increase from 16% to 17% effective June 2025, green tax from US$6 to US$12 starting January 2025, and airport taxes from December 2024. The bills were passed by Parliament on 31 October 2024. Muizzu had previously stated he would not introduce additional taxes but expand the tax base by completing unfinished resorts and focusing on fisheries.

President Mohamed Muizzu signed amendments raising tourism goods and services tax (TGST), green tax, and airport fees, contradicting his campaign pledge not to raise taxes. TGST will increase from 16% to 17% effective June 2025, green tax from US$6 to US$12 starting January 2025, and airport taxes from December 2024. The bills were passed by Parliament on 31 October 2024. Muizzu had previously stated he would not introduce additional taxes but expand the tax base by completing unfinished resorts and focusing on fisheries.

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Maldives Republic

Published

Nov 6, 2024

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3 min

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President Mohamed Muizzu signed amendments raising tourism goods and services tax (TGST), green tax, and airport fees, contradicting his campaign pledge not to raise taxes. TGST will increase from 16% to 17% effective June 2025, green tax from US$6 to US$12 starting January 2025, and airport taxes from December 2024. The bills were passed by Parliament on 31 October 2024. Muizzu had previously stated he would not introduce additional taxes but expand the tax base by completing unfinished resorts and focusing on fisheries.

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