A total of MVR 70 million and MVR 547 million have been received as Green Tax inflows for the month of June and the first half of 2022 respectively, according to the statistics publicized by the Ministry of Finance.
According to the report, month of June recorded as the lowest for inflows, however the first half of 2022 received MVR147 million more than the inflows received in the first half of 2021, which was MVR400 million. The inflows for the January, February, March, April, May and June are MVR 95 million, MVR 91 million, MVR 106 million, MVR 87 million, MVR 97 million and MVR 71 million respectively.
38 projects have commenced this year from green tax revenue, with a total of MVR51 million. The biggest green tax project is currently underway in Haa Alifu Atoll Hangnaameedhoo, with MVR7 million being spent to establish a water system in the island.
Several projects are funded by the Green Tax revenue, including coastal protection, waste management, water system, and sewerage system.
Green Tax was first introduced in 2015 from foreign tourists staying in resorts, hotels and safaris. USD 6 as tax was levied for tourists staying in guesthouses since October 2016. Maldivians and expatriates living in Maldives under resident visa are exempted from this tax.