Ministry or office
Economic Ministry
In the news, last 90 days
Economy
This administration has brought in 313 investments in 3 years: Minister Saeed
Economic Minister Mohamed Saeed said the Maldives registered 313 foreign investments in the first three years of President Dr. Mohamed Muizzu's government, releasing investment figures for previous administrations while responding to a no-confidence motion signed by 13 opposition MDP MPs. He said the government has issued dollars at the official rate at 80 percent more than the previous government.
Economy
President Announces Higher GST Threshold and Tax Relief for SMEs
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.
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