MIRA Reports MVR 2.2 Billion Revenue in November, a 16.6% Increase Year-on-Year

The Maldives Inland Revenue Authority (MIRA) collected MVR 2.2 billion in revenue during November, marking a 16.6 percent increase compared to the same month last year. According to MIRA, revenue last November stood at MVR 1.89 billion, while collections this year exceeded estimates by 6.7 percent. The increase was driven by higher receipts from tourism goods and services tax (TGST), green tax, airport taxes and fees, and rents from long-term agricultural islands. The rise in tourist arrivals in October also contributed to the growth. MIRA noted that green tax and airport departure fees doubled compared to November last year. Breakdown of November revenue includes MVR 1.3 billion in GST (including TGST), MVR 191 million in green tax, MVR 131.7 million in income tax, MVR 164.99 million in departure taxes, MVR 175.87 million in airport development fees, MVR 63.86 million in work permit fees, MVR 8.98 million in fines, MVR 522,465 in plastic bag fees, and MVR 4.25 million in property zakat. GST accounted for the largest share of revenue at 59.1 percent, followed by green tax at 8.7 percent.