Malé, Maldives – President Ibrahim Mohamed Solih on Monday, ratified the bill to eliminate the usage of revenue stamps
The bill was passed by the Parliament on Monday, 5 July 2021, at the 18th sitting of the second session of the People’s Majlis.
Bill presented to the Maldives Parliament to nullify the Revenue Stamp Act (4/70) was sent to Committee for further investigation on 14 April 2021. The parliamentary committee previously on 1st June, investigated and approved the bill to eradicate revenue stamps. The bill wass passed to the floor for debate on last Monday’s parliamentary sitting.
Upon ratification, it has now been published in the Government Gazette and would come into effect from the ratification date.