Person
Mohamed Dawood
In the news, last 90 days
Economy
GST Amendment Seeks to Tax Foreign Tourism Sales: What the Destination Principle Means for the Maldives
A GST amendment introducing the destination principle was submitted to the People's Majlis on 15 August 2026 by Kulhudhuffushi North MP Mohamed Dawood and, if passed, would take effect on 1 October 2026, requiring foreign sellers of tourism products and services used in the Maldives to pay GST at 17 percent. MIRA estimates the change would raise just over MVR 1.6 billion a year, mostly from foreign tour operators, with much of it arriving in foreign currency.
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