The Maldives Inland Revenue Authority (MIRA) has issued a release announcing the ratification of the Seventh Amendment to the Goods and Services Tax Act, which increases the GST rate for tourism goods and services from 16% to 17% with effect from 1 July 2025. The Seventh Amendment also amends the scope of tourism goods and services to provide that goods and services sold in cafes in tourist establishments operating exclusively for the employees of such establishments will be subject to GST at the standard rate of 8% with effect from 5 November 2024, i.e., such goods and services are not...