The Maldives Association of Travel Agents and Tour Operators (MATATO) has clarified its stance on the proposed amendments to the Goods and Services Tax (GST) Act, emphasizing that it is not opposed to tax collection in US dollars (USD).

In a statement released on Tuesday, MATATO addressed recent misinterpretations of its earlier position, stating that collecting tax in USD on income earned in the same currency is crucial for boosting the Maldivian economy.

MATATO also expressed strong support for the government’s broader fiscal reform agenda. The organization acknowledged the importance of effective fiscal policies and reforms that enhance revenue collection and address inefficiencies within the system. According to MATATO, these reforms are not only necessary but also timely, and they fully back the government’s efforts to implement them.

The association pledged to continue working closely with stakeholders to achieve these common objectives.

MATATO also voiced support for President Dr. Mohamed Muizzu’s fiscal reform initiatives, applauding his vision for economic recovery.

The association endorsed the government's efforts to reduce recurrent expenditure, introduce cost-saving measures, and ensure the financial stability and sustainability of the Maldives' economy.

MATATO emphasized its commitment to contributing to these reforms for the betterment of the tourism industry and the nation as a whole.

This statement reinforces MATATO's commitment to progress and collaboration with the government as it works toward its economic and fiscal goals.