Taxation in Maldives

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Government has proposed that $ 10 be levied on tourists for each day spent in Maldives as Green Tax – included in State Budget for 2015 to generate more income for the State.

A voluntary tax on tourists who visit the luxury resorts and white sands of the Maldives could raise up to USD 100 million a year towards the country’s aim to become carbon neutral by 2020, President Mohamed Waheed said.

A voluntary tax on tourists who visit the luxury resorts and white sands of the Maldives could raise up to $100 million a year towards the country’s aim to become carbon neutral by 2020, President Mohamed Waheed said.

Parliament’s Financial Committee has projected that the Maldives budget deficit will reach 27 percent of the GDP by the end of year 2012, a 175 percent increase on earlier forecasts.

Former President Mohamed Nasheed has predicted that the people he believes to have been behind his removal from office will soon reduce the Goods and Services Tax (GST) by one third.

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