The Maldives Inland Revenue Authority (MIRA) collected MVR 2.20 billion in revenue during November, reflecting a 16.6 per cent increase compared to the same month last year.

According to MIRA, the growth in revenue was driven primarily by higher collections from tourism GST, green tax, and airport taxes. Tourist arrivals in October rose by 10.3 per cent compared to the previous year, contributing to the increase in tax income.

The rise in green tax rates from 1 January this year, along with adjustments to airport tax and fee rates implemented in December last year, also boosted November’s revenue when compared to the same period in 2024.

Overall, November saw a 6.7 per cent increase in revenue than projected from GST collected from both the green tax and non-tourism sectors. MIRA also noted unexpected income from land sales and land conversion fees during the month.

Tourism GST remained the largest contributor, generating MVR 1.30 billion. This was followed by MVR 191.06 million from the green tax. Airport development fees accounted for MVR 175.87 million, while departure tax generated MVR 164.99 million. Additionally, MVR 131.67 million was collected as income tax, and MVR 63.86 million from work permit fees.

MIRA highlighted that 19.7 per cent of the November revenue came from payments relating to previous deadlines, while efforts to recover outstanding dues contributed 21 per cent.

Revenue collected in foreign currency amounted to USD 103.23 million, exceeding the USD 85 million collected in October last year.