Uninhabited Islands

New bill on land sales to close tax loophole

The president’s office explained that under the existing land law, buyers and sellers could agree upon prices without any regulatory controls and evade the 15 percent tax on land sales. The government has submitted amendments to the 2002 Land Act to close the loophole. The changes were proposed after a 1,102 square foot plot of land in Malé was sold last month for MVR1.

Ministry threatens to reclaim leased uninhabited islands

Government plans to launch new scheme to empower local councils

Cabinet leases two uninhabited islands for resort development

Government plans to sell alcohol at Fuvahmulah city hotel, claims Adhaalath