November 2024 GST, Green Tax, and Airport Tax Returns and Payments Due Today

The Maldives Inland Revenue Authority (MIRA) has issued a final reminder to all taxpayers that today, 29th December 2024, is the last day for submitting returns and making payments for GST, Green Tax and Airport Tax & Fees.

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Under the current regulations, airlines are responsible for collecting and remitting various fees, including the Airport Service Charge, Departure Tax, and Airport Development Fee. These amounts must be paid in US Dollars and are remitted to the government by the airport from which the passengers are departing.

As per the updated GST Act, the general sector is subjected to an 8% tax rate. This change, which came into effect in January 2023, aims to better align the country’s tax framework with the evolving needs of the economy.

The current Green Tax system in the Maldives imposes a charge of USD 6 per tourist per day for stays at resorts, hotels, and vessels, and USD 3 per day for stays at guesthouses. This fee is intended to support environmental sustainability efforts in the country. However, starting 1 January 2025, significant changes will be implemented as part of the 14th amendment to the Maldives Tourism Act. Under the revised rates, Green Tax will double for most establishments. Resorts, integrated tourist resorts, resort hotels, tourist guesthouses with more than 50 rooms, and vessels will charge USD 12 per guest per night, while guesthouses with 50 or fewer rooms on inhabited islands will charge USD 6 per guest per night

Businesses and stakeholders are strongly encouraged to ensure that all returns and payments are completed on time. Timely compliance with tax requirements not only helps avoid penalties but also plays an important role in maintaining the country’s economic stability.

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