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Tourism tax to be increased by US$2 in November 2004


14 April 2004

The Maldives parliament passed an amendment to Clause 35 of the Tourism Act 1999 of the Maldives to raise the present tourist tax from U$6 to US$8 per day.

The Clause 35 of the Act reads “The sum of US$6, or its equivalent in a foreign currency acceptable to the Maldives Monetary Authority, shall be collected as tax payable to the Government of the Maldives from each tourist per day of stay at a tourist resort, tourist hotel, tourist guesthouse or tourist vessel. The management of the establishment where the tourist was provided accommodation shall be liable for collection of that tax from tourists and payment of the due amount to the Government. The amount of tax due in respect of the preceding month shall be paid by the 15th day of the current month.”

Thirty two percent of government revenue comes from Tourism
Thirty two percent of government revenue comes from Tourism

A majority of forty-two members out of the 44 present at the meeting voted to adopt the amendment. This amendment will come into force in November this year.

Tourism tax popularly known as ‘bed tax’ has to be collected by the management of resorts, hotels, guest houses, and cruise boats. It is then paid to the Department of Inland Revenue by the management of the tourist facility on behalf of the visitor. The amount has to be paid in American dollars or an equivalent amount has to be paid in a currency accepted by the Maldives central bank, the Maldives Monetary Authority.

The tourist accommodating facilities in the Maldives do not collect this tax separately from tourists but they include this charge in the holiday package.

MaldiveIsle.com News Team

 


 

 


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