| No. | Name of the Project | Period of Exemption | Reason for Exemption | Name of the Exempted Company | Business Registration Number | Value of Investment Relating to the Exempt Income (MVR) |
| 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 8,175,939,585.88 |
