Maldives Dollar Revenue Hits USD 118.6 Million in June Amid Tourism Growth

The Maldives Inland Revenue Authority (MIRA) collected USD 118.6 million in dollar-denominated revenue during June, marking a 0.85 percent increase compared to the same period last year. The latest statistics reveal that the June intake—totaling USD 118,599,425—was driven primarily by tourism-related levies. This continued growth underscores the nation's strategic reliance on its tourism sector as the primary engine for foreign currency generation. Leading the revenue contributions was the Tourism Goods and Services Tax (T-GST), which brought in USD 41 million. This was followed by tourism land rent at USD 27 million and income tax at USD 19 million. Other significant contributors included the green tax at USD 10 million, while both the airport development fee and departure tax contributed USD 9 million each. The mid-year data presents an even more robust trend. For the first six months of 2026, MIRA’s total dollar-denominated receipts reached USD 867.9 million. This represents a significant 9.67 percent increase over the USD 749.3 million collected during the same timeframe last year. This growth follows a period of substantial expansion in national revenue. In 2025, full-year dollar revenue surged to USD 1.4 billion, a 37 percent jump from the USD 1 billion recorded in 2024. The steady climb in receipts reflects a strengthening tourism market and a more efficient collection framework by the revenue authority.