'Tax hike will create a more level playing field'

20 hours ago

Doubling the withholding tax on payments to foreign contractors will create a more level playing field for Maldivian contractors, says Minister of Infrastructure, Housing and Urban Development, Dr. Abdulla Muthalib. The remark comes as the government pushes legislature to increase the withholding tax on payments to foreign contractors from 5 percent to 10 percent. In a post on X on Monday afternoon,