| No. | Name of the Project | Period of Exemption | Reason for Exemption | Name of the Contractor | Contractor's Registration Number | Value of Investment Relating to the Exempt Income |
| 1 | Addu City Development Project Consultancy | 20th July 2021 - 31st December 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | L&T Infrastructure Engineering Limited and Lea Associates South Asia Private Limted JV LLP | P008020201 | MVR 103,400,046.53 |
| 2 | Design and Construction of Roads and Drainage System in Addu CIty | 20th July 2021 - 31st December 2024 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | Afcons Infrastructure Limited | FC00022021 | MVR 1,129,309,852.32 |
| 3 | Development of Water and Sewerage Facilities in HA. Kelaa, HA. Baarah, HDh. Vaikaradhoo, Sh. Funadhoo, Sh. Lhaimagu and N. Manadhoo | 27th July 2021 - 31st March 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | Vishvaraj Environment Private Limited | FC00112021 | MVR 268,965,967.04 |
| 4 | Development of Water and Sewerage Facilities in Lh. Kurendhoo, K. Gaafaru, K. Kaashidhoo, AA. Maalhos, and AA. Thoddoo | 20th July 2021 - 31st March 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | JMC Projects (India) Limited | FC00082021 | MVR 201,489,346.68 |
| 5 | Development of Water and Sewerage Facilities in ADh. Dhagethi, ADh. Dhigurah, V. Felidhoo, V. Fulidhoo and V. Thinadhoo | 20th July 2021 - 31st March 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | JMC Projects (India) Limited | FC00082021 | MVR 205,092,075.48 |
| 6 | Development of Water and Sewerage Facilities in M. Kolhufushi, M. Maduvvari, M. Muli, F. Bilehdhoo, F. Dharaboodhoo, Dh. Bandidhoo and Dh. Meedhoo | 20th July 2021 - 31st March 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | SMC Infrastructures Private Limited | FC00092021 | MVR 309,270,380.30 |
| 7 | Development of Water and Sewerage Facilities in Th. Hirilandhoo, L. Gan, L. Isdhoo, L. Maamendhoo and L. Maabaidhoo | 20th July 2021 - 31st March 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | SMC Infrastructures Private Limited | FC00092021 | MVR 281,879,003.22 |
| 8 | Design and Project Management for Development of Water and Sewerage Facilities in 34 Islands | 20th July 2021 - 31st March 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | Shah Technical Consultants Private Limited | FC00112019 | MVR 60,713,653.73 |
| 9 | Hanimaadhoo Airport Development Project | 22nd October 2022 - 21st October 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | JMC Projects (India) Limited | FC00082021 | MVR 2,106,763,458.90 |
| 10 | Male'-Thilafushi Link Project | 16th September 2021 - 17th May 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | Afcons Infrastructure Limited | FC00022021 | MVR 8,175,939,585.88 |
| 11 | Development of Water and Sewerage Facilities in GA. Dhaandhoo, GA. Gemanafushi, GA. Maamendhoo, GDh. Madaveli, GDh. Faresmaathoda and GDh. Hoandehdhoo | 20th July 2021 – 31st March 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | Triveni Engineering and Industries Limited | FC00072021 | MVR 331,692,921.90 |
| 12 | Construction of 2,000 Social Housing Units in Hulhumale Phase 2 | 01st November 2021 – 09th June 2026 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | JMC Projects (India) Limited | FC00082021 | USD 137,000,000 |
| 13 | Hanimaadhoo Airport Development Project | 22nd October 2022 – 21st October 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | STUP Consultants Private Limited | FC00202022 | USD 3,260,342 |
| 14 | Reclamation by Dredging and Shore Protection Works in Addu City | 22nd May 2022 - 31st December 2024 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | Van Oord India Private Limited | FC00122022 | MVR 1,312,421,488.80 |
| 15 | Design and Build of Felivaru Expansion Project | 23rd January 2023 - 13th July 2024 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | Rinac India Limited | FC00032023 | USD 23,737,450.41 |
| 16 | Construction of 2,000 Social Housing Units in Hulhumale Phase 2 | 18th January 2022 - 09th September 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | NBCC (India) Limited | FC00042021 | USD 130,000,000 |
| 17 | Construction of 2,000 Social Housing Units in Hulhumale Phase 2 | 16th February 2022 - 14th February 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | Renaatus Projects Private Limited | FC00032022 | USD 28,900,000 |
| 18 | Construction of 2,000 Social Housing Units in Hulhumale Phase 2 | 06th March 2022 - 06th March 2025 | As per the Dollar Credit Line Agreement between the Maldivian Government and the Indian Export Import Bank, under which the project is financed, applicable tax in connection with the Project are to be exempt. | Varindera Constructions Limited | FC00162021 | USD 78,637,500 |
