President ratifies bills to hike up tourism and airport tax

President Dr. Mohamed Muizzu today ratified the newly passed amendments to three laws increasing Tourism Goods and Services Tax (TGST), Green Tax and Airport Development Fees as well as departure taxes.

The bills were passed by the Parliament last Thursday. The changes to the Airport Development Fees and departure tax will come into effect from 1st December onwards. However, the changes to the Green Tax will take effect from January onwards, while TGST hikes, which will be at 17 percent, will be implemented from July next year.