MIRA Rejects MMA Claims of Lenient Resort Audits Amid Dollar Shortage
MIRA defends impartial, data-driven audits after MMA Governor criticises weak resort oversight amid dollar shortage.
Section
Government
Central Bank Warns Recurrent Spending Could Absorb Nearly All 2027 Revenue
MMA warns 2027 recurrent spending could consume nearly all revenue, urging spending cuts and collection.
Higher GST Receipts and Recovery of Overdue Payments Lift October Revenue
Higher GST receipts and the recovery of overdue payments lifted collections by the Maldives Inland…
Only Around 50 of 185 Resorts Pay Income Tax, MMA Governor Says
MMA Governor says only about 50 of 185 resorts pay income tax.
Maldives Establishes Tourism SOE to Distribute Resort Dividends Directly to Citizens
Maldives creates state-owned DRHC to distribute resort tourism dividends directly to every citizen.
MMA’s Foreign Currency Position Partly Recovers in October
MMA's foreign currency assets rose in October but higher regional payment obligations tempered the recovery.
Majlis Committee Backs Tourism GST Rollback and Higher Registration Threshold
Maldives Majlis committee backs repealing overseas tourism GST and raising registration thresholds for businesses.
Ministries Partner to Develop Local Electric Vehicle Maintenance Skills
Maldivian ministries partner to train local technicians for maintaining electric vehicles and charging infrastructure nationwide.
Global Tax Forum Rates Maldives ‘Largely Compliant’ in Latest Transparency Review
Maldives rated 'Largely Compliant' by Global Forum in latest tax transparency peer review.
Maldives Secures USD 9.7 Million Kuwait Fund Loan for Veymandoo Hospital
Maldives secures USD 9.7 million Kuwait Fund loan to build Veymandoo's new hospital.
President Pledges Nationwide Programme to Tackle Workplace Barriers for Disabled Citizens
President Muizzu pledges national programme to tackle workplace barriers facing disabled Maldivian citizens.
Gov’t Proposes MVR 59.7 Billion Budget for 2027
Government proposes MVR 59.7 billion 2027 budget, cutting spending while funding housing, healthcare and infrastructure.
President Sets 70 Per Cent Project Completion Target for 2027 Budget
President Muizzu targets 70 per cent project completion as central priority for 2027 State Budget.
Maldives Urges Ethical Deployment of AI to Foster Cross-Cultural Understanding
Maldives urges ethical AI use to foster cross-cultural understanding and protect smaller languages like Dhivehi.
Thilafushi Begins Container Clearance as Port Relocation Gets Under Way
Thilafushi begins container clearance as commercial port services relocate from overburdened Malé Commercial Harbour.
MIRA Signs Addendum on Financial Account Information Exchange
Maldives endorses updated OECD standard CRS 2.0 for automatic financial information exchange, implementation set for…
Majilis Approves Bill Requiring 50% Upfront Payment to Appeal Disputed Taxes
Majilis approves bill requiring 50% upfront payment to appeal disputed MIRA tax assessments.
MMA to Publish Names of Businesses Missing Foreign Currency Conversion Deadline
MMA warns it will name businesses missing mandatory foreign currency conversion deadlines approaching 28 October.
BML Gateway to Allow USD Payments for Local Businesses from 1 November
BML gateway will enable Maldivian businesses to receive and use USD payments from November.
Gov’t Prioritises Shock-Resilient Economy, Says Finance Minister
Finance Minister prioritises shock-resilient economy, citing debt repayments, rating upgrades, and 2040 development goals.
Economic Ministry Issues Warning to Businesses Over Missing Price Tags
Ministry warns Maldivian retailers to display clear price tags or face regulatory enforcement under law.
PCB Appoints New Board Members for Major State-Owned Enterprises
PCB appoints Areesh, Faruhad, and Imdhaah to boards of three major state-owned enterprises.
Applications Open for Nine Stall Rentals at Hulhumalé’s ‘Rashu Maarukeytu’
HDC opens applications for leasing nine commercial stalls at Hulhumalé's Rashu Maarukeytu local market.
Maldives Seeks to Strengthen Pandemic Preparedness and Health Security
Maldives boosts pandemic preparedness through regional WHO meeting and national chemical-biological emergency response training workshop.