MATI advocated on behalf of the industry to make sure the green tax,which was to be introduced late 2014, was delayed by one year to make sure the industry had time to adjust to this change.
Fire and Safety Act
The initial draft of the proposed Fire and Safety bill, which was drawn up to a very high standard by MNDF, would have been cumbersome and very expensive for small properties to implement. We made sure that the bill was redrafted to meet adequate safety standards while also being practical and easy to implement in smaller resort properties.
Amendment to the Tourism Act
MATI welcomes the new amendments to the Tourism Act which give investors the option of extending resort leases for up to 99 years. This will provide investors with much needed confidence and would bring in greater investments to the country.