Four taxation bills sent to committee
19 Jul 2011, 8:16 PM
Four bills of the government’s economic reform package were sent to a parliamentary sub-committee for further review yesterday.
The four pieces of legislation would together introduce a five percent general goods and service tax (GST), an income tax, a corporate profit tax and excise import duties for most items from January 1, 2012.
All four bills received on average higher than 50 votes from the 72 MPs present and voting. To expedite the legislative process, an 11-member sub-committee was chosen to review the bills with five MPs of the ruling Maldivian Democratic Party (MDP), three MPs of the opposition Dhivehi Rayyithunge Party (DRP), Jumhooree Party (JP) Leader Gasim Ibrahim, one MP of the minority opposition People’s Alliance (PA) and Dhuvafaru MP Mohamed Zubair as an Independent MP.
Presenting the income tax bill on behalf of the government yesterday, MP Ilyas Labeeb said that the economic reform programme was now being implemented with the introduction of direct taxation in the Maldives for the first time.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
