The Parliament has passed legislation to stop the use of revenue stamps on official documents in the Maldives.
Maldives began using revenue stamps on official documents back in 1970 after the passing of a special law formulated for the exact purpose. The bill to abolish the law was proposed by Member of Parliament for Central Henveiru Constituency Ali Azim.
Azim highlighted that businesses face many difficulties in having to buy revenue stamps; therefore, its abolishment would be beneficial as it makes administrative processes much more convenient.
The legislation to cease the use of revenue stamps was passed with the vote of 44 parliamentarians out of the 45 who were present at today’s sitting.