MVR 2.7 billion to be earned through tax hike, 40 percent from tourism

Ministry of Finance has said that that the tax hikes proposed in parliament today would result in the State earning an additional MVR 2.7 billion.

The ministry has decided to increase income via Airport Development Fee and Departure Tax by MVR 1.5 billion. The new amendments propose an increase in tax from all passengers except Maldivians travelling in economy class. For business class tickets, it is increased by 100 percent, with the fee increased to USD 120. Maldivians and foreigners travelling in first class will be charged USD 240, with USD 480 to be charged from those travelling on private jets.