Revenue from the departure tax will contribute to increasing the reserve, while the airport development fee will be deposited into the Sovereign Development Fund.
Amendments to the laws raising the Airport Development Fee (ADF) and Departure Tax for passengers departing from airports in the Maldives have come into effect today.
As per the new changes, although the Airport Development Fee and departure tax on economy class passengers will remain unchanged for Maldivian passengers departing the country, the previous tax of USD 30 will be increased to USD 50.
Both locals and foreigners travelling on business class will see an increase from USD 60 to USD 120, while first class passengers will have to pay USD 240 instead of the previous USD 90.
Additionally, those travelling via private jets will have to pay USD 480, which is a 300 percent increase from the previous charge of USD 120.
The new charges will be applied to passengers' tickets starting today.
Departure tax and airport development fees will now be collected as per the updated rates.
Revenue from the departure tax will contribute to increasing the reserve, while the airport development fee will be deposited into the Sovereign Development Fund.
This change is projected to boost total state revenue by MVR 1.5 billion.