'Tourism land rent cut will result in MVR 590M loss'

2 days ago

Deputy Commissioner General of Taxation Asma Shafeeu told the Parliament’s Economic Committee on Monday that reducing the land rent on islands leased for tourism will result in an MVR 590 million loss in projected state revenue.  The committee summoned senior officials from Maldives Inland Revenue Authority (MIRA), Maldives Monetary Authority (MMA), Capital Market Development Authority (CMDA), and Maldives Association of Tourism