News In Brief
June 14, 2011

Tourism Ministry threatens to revoke resort licenses over payments

The Ministry of Tourism, Arts and Culture is threatening to suspend the operating licenses of a number of resort and hospitality properties unless they pay outstanding government charges and related fines before July 20, Haveeru has reported.
The Nasandhura Palace Hotel and 10 resort properties in the country reportedly owe a combined total of US$16million to the Maldives Inland Revenue Authority (MIRA), with failure to pay these individual debts expected to lead to a revocation of operating licenses under the Lease Rent Regulation.
Any enterprises that fail to pay these state charges before the 90 day deadline passes on July 20 will be able to have their licenses reinstated once any outstanding government debts are met, according to tourism officials cited by the paper.
Galaxy Enterprises, which rents the Nasandhura Palace Hotel, is facing legal action by the MIRA, who filed a case at the Civil Court this week over claims it is owed some US$265,000 by the company.

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