Minister of Finance, Ibrahim Ameer, has stated that the reason the Guesthouse industry is not growing is not because of high tax rates.
He stated this while speaking in the Committee of the Whole House at the parliament regarding amendments proposed by the government on increasing tax rates.
The Minister noted that there were many factors contributing to it, adding that the government is working on solving this, especially with RTL transportation systems and building sewage treatment and water supply infrastructure in the islands.
“In all areas of the country, RTL is being invested in, airports are being constructed so that we can travel in 30 minutes. As per the president’s promise, in all Maldivian islands, fresh water supply, and sewage systems are being established. Without fresh water supply and proper sewage handling systems, guesthouses cannot run,” said Ameer today.
Ameer stated that these projects are underway because the government wants to develop the guesthouse industry.
The amendment proposed by the government to the parliament proposes increasing GST from 6% to 8% and increasing TGST from 12% to 16%.
Recently the World Bank has praised this decision of the government in their Maldives Public Expenditure Review (PER) report.
He stated this while speaking in the Committee of the Whole House at the parliament regarding amendments proposed by the government on increasing tax rates.
The Minister noted that there were many factors contributing to it, adding that the government is working on solving this, especially with RTL transportation systems and building sewage treatment and water supply infrastructure in the islands.
“In all areas of the country, RTL is being invested in, airports are being constructed so that we can travel in 30 minutes. As per the president’s promise, in all Maldivian islands, fresh water supply, and sewage systems are being established. Without fresh water supply and proper sewage handling systems, guesthouses cannot run,” said Ameer today.
Ameer stated that these projects are underway because the government wants to develop the guesthouse industry.
The amendment proposed by the government to the parliament proposes increasing GST from 6% to 8% and increasing TGST from 12% to 16%.
Recently the World Bank has praised this decision of the government in their Maldives Public Expenditure Review (PER) report.
