The Myopic GST Update in the Maldives

Journal
Fazal, Z.
Maldives
International VAT Monitor 2023 (Volume 34), No. 3
FormatPDF
EUR
45
| USD
50 (VAT excl.)

The Maldivian parliament has recently amended the Goods and Services Tax Act 2011 to increase the country’s GST rates. In this article, the author discusses the change in the Act, the purpose of the reform and the impact of this reform on businesses and on the Maldivian economy.