President Mohamed Muizzu on Tuesday ratified amendments raising the tourism GST, green tax and airport fees, despite having repeatedly pledged during his campaign not to raise taxes. The bills were passed by Parliament on 31 October 2024 and gazetted on Tuesday, with regulations under the laws to be updated and gazetted within 30 days.
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The bills signed into law by the President were passed by Parliament on 31 October 2024.
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less than a year after pledging not to raise any taxes, on Tuesday ratified amendments that will raise tourism goods and services tax (TGST), green tax, and airport fees.
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We will not introduce any additional taxes. We will use the existing taxes to expand the tax base. This means that the unfinished resorts will be completed, and in addition we will be able to get this available money from other economic se…
When we talk about expanding the tax base, some say, on Facebook pages for example, that we are going to levy an additional tax; [that] we are going to increase the tax. This is a deception.
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With an amendment to the Goods and Services Tax Act of 2011, TGST will be increased from 16 percent to 17 percent, effective from June 2025.
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TGST collection for 2025 is expected to reach MVR 9.9 billion (US$642 million).
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the green tax increase from US$6 to US$12, starting January 2025
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Airport taxes and fees will also increase starting December this year, with all levies and taxes—except those for Maldivians travelling in economy class—seeing hikes.
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