Discontinued tourism bed tax will cost state 10 percent of revenue
01 Jan 2014, 11:02 PM
Ahmed Rilwan
The People’s Majlis’ failure to extend the country’s tourism bed tax before recess will result in losses of MVR100 million a month, the Finance Minister is reported to have told local media.
As of the start of 2014, the tourism bed tax taken under the Maldives Tourism Act of 1999 will be discontinued because of a deadline added to the act during its second amendment in 2010.
Article 35 – D of the amended act states that within three years of taking TGST (Tourism General Services Tax), the US$8 tourism bed tax per person per night shall be discontinued.
As the TGST was introduced with the year 2011, the current deadline came to pass at 12am this morning.
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