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Maldives to Increase GST Rates

|Proposed Changes|Maldives
Maldives

The Maldives government reportedly submitted a draft bill in parliament on 14 September 2022 to increase the current GST rates. This includes an increase in the standard rate from 6% to 8% and an increase in the rate on the supply of tourism goods and services from 12% to 14%. Subject to approval, the increase is to apply from 1 January 2023.

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