The Maldives recorded a total of MVR 75.6 million in Green Tax by the end of August, the finance ministry revealed.
The Green Tax is levied on tourists to the Maldives at a rate of USD 6 per night for those staying in resorts, hotels, and on liveaboards and USD 3 per night in guesthouses.
According to the finance ministry’s most recent Green Fund report, a total of MVR 72.3 million was collected from resorts in August, while MVR 1.5 million was received from guesthouses. In addition, hotels contributed MVR 1 million to the Green Fund, while liveaboards recorded MVR 790,501 in August as Green Tax.
The majority of the Green Tax collected in August came from Kaafu Atoll, at MVR 29 million.
According to the finance ministry, MVR 32.9 million from the Green Fund was utilised to fund development initiatives such as water and sanitation, shore preservation, and waste management.
The Green Fund had accumulated a total of MVR 502.8 million by the end of August, with MVR 247.2 million invested in development initiatives. According to the finance ministry, the Green Fund’s current balance is MVR 1.07 billion.