Maldives to Revamp GST: A Bold Move to Curb Tourism Leakage -...

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2026-05-10 17:34:36 -

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Maldives to Revamp GST: A Bold Move to Curb Tourism Leakage - Economy News

In a sweeping reform aimed at reclaiming lost revenue, the Maldives is set to amend its Goods and Services Tax (GST) Act next year, targeting the pervasive issue of “tourism leakage.” This term refers to the alarming trend where significant amounts of revenue generated by the tourism sector slip through the cracks, flowing out of […]

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