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Introduce zero import duties on raw materials imported by SMEs for production, with legislative amendments underway.
PromisedMedium impact
Where it stands todayNo news yet. It stays “Promised” until an article or an official page shows a change.Since 25 October 2026
The story so far
Newest first
PromisedWhere it was made
The promise was made
Key numbers in the article
MVR 1 million Mandatory GST registration threshold before increaseMVR 1.5 million Proposed mandatory GST registration threshold
Exact words from the article
“The government also plans to introduce zero import duties on raw materials imported by SMEs for production from 1 January 2027. According to the President's Office, the legislative amendments required to implement the changes are underway.”