President Dr Mohamed Muizzu announced plans to raise the mandatory GST registration threshold from MVR 1 million to MVR 1.5 million from 1 January 2027, along with tax concessions and payment measures for SMEs. Other measures include an Addu City SME concession zone pilot, US dollar payments through the Bank of Maldives Gateway from 1 November, and zero import duties on SME raw materials from 1 January 2027.
One outlet so far Only Corporate Maldives has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Speaking at the Maldives Expo 2026 Awards Ceremony at Barceló Nasandhura on Saturday evening, President Muizzu outlined initiatives covering taxation, international payments, import duties and financing, scheduled for introduction between November and January.
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Addu City will host the first three-year pilot under the government's SME concession zone policy, beginning on 1 January 2027.
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the necessary legislative and regulatory changes would be introduced
President Dr Mohamed Muizzu · Launch the second phase of the youth loan scheme.
President Dr Mohamed Muizzu · Raise the mandatory GST registration threshold from MVR 1 million to MVR 1.5 million, with the necessary legislative and regulatory changes introduced.
the government · Introduce zero import duties on raw materials imported by SMEs for production, with legislative amendments underway.
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raise the mandatory GST registration threshold from MVR 1 million to MVR 1.5 million from 1 January 2027
Word for word from the report in Corporate Maldives. Open the report
raise the mandatory GST registration threshold from MVR 1 million to MVR 1.5 million from 1 January 2027
Word for word from the report in Corporate Maldives. Open the report
