Maldives Finance Ministry has revealed that the government is set to increase the Goods and Services Tax (GST), Green Tax and Import Duty.

According to the Medium Term Revenue Strategy Report released by the Finance Ministry, fees and taxes levied on airport users will be increased before the end of this year. However, the rate of increase was not disclosed.

In order to increase government revenue, import duties will be levied on some items that are not currently subject to import duties, the Finance Ministry said in the report.

In addition, many taxes and fees will be increased during the next year for revenue increase.

Fees and taxes to be increased next year:

- Increase in GST and expanding goods on which GST is levied on

- Increase in import duty rates

- Increase the fees charged for the services of telecom operators

- Increase rent for resort rent and land allocated for tourism purposes

- Increase or change the policy on special items such as alcohol, tobacco and pork

Many of these measures will be implemented in the first quarter of next year.

Measures to increase revenue in 2026, 2027 and 2028:

- Earn revenue by selling carbon credits in foreign markets

- Reduced tax administrative burden for small and medium-sized businesses

- Reduction of income taxable income

- Develop a policy to charge fees from places like bridges

- Introduction of a property tax system

The measures are aimed at reducing the reliance on foreign sources to meet government expenditure, the finance ministry said in the report.

The medium-term revenue strategy will increase the state's revenue as a percentage of GDP to 35.5 percent, compared to the current tax revenue of 32.5 percent of GDP.