The Maldives government has announced significant changes to its Goods and Services Tax (GST) framework, set to take effect in July 2025. These upcoming reforms include a revision of GST rates aimed at broadening the tax base and increasing revenue generation amid shifting economic priorities. As local businesses and consumers prepare for the impact of the adjustments, experts highlight the need for careful compliance and strategic planning. This article explores the key elements of the Maldives GST reforms, the implications of the rate rise, and how VATCalc’s tools can assist businesses in navigating the evolving tax landscape.
Maldives Introduces Sweeping GST Reforms Ahead of July 2025 Implementation
In a move set to reshape the fiscal landscape, the Maldives government has unveiled comprehensive changes to its Goods and Services Tax (GST) framework. These reforms are designed to streamline tax administration, broaden the tax base, and enhance compliance ahead of the GST’s…
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Author : Olivia Williams
Publish date : 2025-07-12 16:47:00
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