The Finance Ministry said the Goods and Services Tax Act will be amended starting mid-2025 to adopt the 'destination principle' and close loopholes causing tourism revenue losses, with online goods and services also to be taxed. The Muizzu administration also plans increases to the Airport Development Charge and green tax to raise revenue for debt repayment.
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the state loses approximately 70 percent of potential tax revenue when rooms are sold through agents
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This results in the state collecting only US$80 in taxes on the room.
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if the resort sold the room directly to a visitor for US$1,750, the state would receive US$280 in taxes
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a five-star resort may sell a room to an overseas travel agent for US$500
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the agent would sell the room with a significant markup for around US$1,750
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