The Maldives Inland Revenue Authority (MIRA) has reported that the state earned close to USD 95 million from the tourism sector in the first month of 2025, marking an 11 per cent increase compared to the same period last year.

According to MIRA’s latest data, tourism-related taxes and fees accounted for approximately 76 per cent of the total USD 125 million in revenue collected in January. The increase was largely driven by a rise in the Tourism Goods and Services Tax (TGST) and other key revenue streams.

TGST collections saw a significant boost, reaching USD 69.1 million—an increase of 13 per cent compared to January 2023. Green tax revenue also surged, with MIRA collecting USD 7.04 million during the month.

Additionally, the authority recorded USD 7.4 million in airport development fees, reflecting a 12.1 per cent increase from the USD 6.6 million collected in the same month last year. Meanwhile, departure tax revenue rose to USD 7.3 million, up from USD 6.4 million in January 2024.

However, revenue from land rent for tourism businesses experienced a decline. The Government collected USD 4.2 million in rent for leased land, marking a 14 per cent drop from the USD 4.9 million recorded in January last year.