Nasheed criticises indirect taxation following amendments to import duties

“We have noticed that indirect taxes such as import duty have a very bad impact on the economy,” the acting president of the Maldivian Democratic Party (MDP) told local newspaper Haveeru.

“The tax that is being derived from the poorest man’s toothpaste is equal with the tax levied on the richest man’s toothpaste. We do not believe that this is a smart way of generating state income,” he said.

Nasheed’s comments followed the approval of amendments to the Import-Export Act which increased import duties on a range of goods as part of the current administration’s revenue raising measures.