President Mohamed Nasheed has today ratified the Tourism Goods and Services Tax Bill that was passed by the People’s Majlis on 26 August.
Following ratification, the Tourism Goods and Services Tax Act has been published in the Government Gazette.
The Act states the ways in which goods and services tax will be charged on the price of goods and services sold to tourists from resorts, hotels, guest houses, picnic islands, tourist vessels, and other services provided to tourists in the Maldives.
Under to the Act, a tax will be levied on the following services and items sold to tourists.
1. Room rates charged by resorts, hotels, picnic islands, and guest houses
2. Room and bed rates charged by tourist vessels
3. Prices of all goods and services, in addition to those included in numbers 1 and 2 above, sold to tourists from resorts, hotels, guest houses, picnic islands, tourist vessels
4. Prices and charges of goods and services sold to tourists from diving schools, shops, spas, and water sports facilities in tourist resorts, hotels, guest houses and tourist vessels
5. Travel planner charges
6. Domestic transportation fares for tourists
