Prices must be public: Economic Development Ministry

Shops are required to publicly identify items exempt from the Goods and Services Tax (GST), the Economic Development Ministry has ordered.

The ministry also requires businesses that charge GST on their goods and services to display their Maldives Inland Revenue Authority (MIRA) registration certificate.

Unregistered businesses may not charge GST and wholesale and retail prices should also be viewable.

Businesses that violate these regulations will be fined between Rf500-10,000. A second offense will incur a fine between Rf5,000-10,000.