The ISLEPOS Blog
What changes in tax, imports, the dollar, tourism and payments mean for shops in the Maldives — explained twice a week, with the sources.
- Dollars and your shop: BML's new USD gateway, the rules at the counter, and what the reserves say
Since 1 November small businesses that sell abroad can be paid in US dollars through the BML Payment Gateway. What the new service does, what the Foreign Currency Act lets a shop do with dollars, and why dollars are likely to stay tight.
- GST in 2027: what changes for small shops in the Maldives
From 1 January every GST return goes through MIRAconnect, the registration threshold is set to rise to MVR 1.5 million, and e-invoicing is on the way. What is law, what is still a promise, and what to do before the year ends.