Economics

Maldives to Dollarize Tax Revenues and Pensions Amid Forex Shortages

The Maldives’ cabinet of ministers has approved a plan to dollarize a portion of the country’s government revenues, including income tax, customs duties, and pension contributions, according to a media report. This new policy will apply to businesses that generate income in foreign currency. The decision comes as the Maldives faces a shortage of foreign

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