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Bill to scrap GST on inbound tourism services sent to Committee
A bill to remove Goods and Services Tax on inbound tourism products and services supplied by businesses without a permanent establishment in the Maldives has been referred to Parliament's Economic Affairs Committee after the Whole House Committee approved the referral with all 47 voting MPs in support. The bill, which also seeks to strengthen MIRA's enforcement against GST non-compliance, would reverse the GST introduced on such services from 1 October.
LatestTax Bill sent back to Economic CommitteeOne Online, 2 Nov, 19:34
Sources1carried itOO1 of 19 news outlets we monitor
Reports2from 1 source
Reported over1 minfirst to latest report
Figures6as written, with their sentences
One outlet so far Only One Online has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
What happened
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Wed 26 AugKolamaafushi MP Ibrahim Didi submitted the bill to reverse the GST on inbound tourism services.26 Augustonly One OnlineThe bill, submitted by Government-aligned Kolamaafushi MP Ibrahim Didi on 26 August, seeks to reverse the GST introduced on such services from 1 October.
Word for word from the report in One Online. Open the report
Wed 21 OctGovernment-aligned Vilufushi MP Hassan Waheed submitted the bill proposing amendments to the Income Tax Act, and it was initially accepted …21 Octoberonly One OnlinenewestThe bill was submitted by Government-aligned Vilufushi MP Hassan Waheed on 21 October and was initially accepted for consideration on the same day.
Word for word from the report in One Online. Open the report
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Who reported it, and when
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One Online2 Nov, 19:32 · first report2 Nov, 19:34 · 1 min later
2 Nov, 19:322 Nov, 19:34
Newest report: One Online, 2 Nov, 19:34. Reports with a date and no time are listed but not placed on the line.
Figures in these reports
as written, with the sentence they come from
47 MPsMPs who voted supporting the referral decisionOne OnlineThe Whole House Committee approved the referral today, with all 47 MPs who voted supporting the decision.
Word for word from the report in One Online. Open the report
MVR 1.6085 billionGovernment-estimated revenue from GST on off-show booking platforms and foreign tour operatorsOne OnlineThe Government had earlier estimated MVR 1.6085 billion in revenue from GST collected on off-show booking platforms and foreign tour operators.
Word for word from the report in One Online. Open the report
MVR 496.3 millionState revenue increase proposed by the billOne OnlineA bill proposing amendments to the Income Tax Act to increase State revenue by MVR 496.3 million has been referred back to Parliament’s Economic Affairs Committee for further review.
Word for word from the report in One Online. Open the report
MVR 496,300,302Additional State revenue expected from the amendmentsOne OnlineThe amendments are expected to generate an additional MVR 496,300,302 in State revenue and are proposed to take effect from 1 January 2027, if passed and implemented.
Word for word from the report in One Online. Open the report
25 per centProposed cap on interest capacity as share of tax EBITDAOne OnlineUnder the bill, interest capacity would be capped at 25 per cent of a taxpayer’s tax EBITDA for the relevant tax period.
Word for word from the report in One Online. Open the report
47 MPsMPs voting in support of the referralOne OnlineThe Whole House Committee approved the referral today, with all 47 MPs who voted supporting the decision.
Word for word from the report in One Online. Open the report
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