MIRA exceeds monthly forecast by 17.4% with strong gains from tourism sector

The Maldives Inland Revenue Authority (MIRA) collected MVR 3.24 billion in December 2025, marking a 30.7 percent increase compared to the same month in 2024.
Revenue also exceeded projections for the month by 17.4 percent, driven mainly by higher receipts from Tourism GST (TGST), tourism land rent, and Green Tax, MIRA said in a statement on Thursday.
According to the authority, the rise in December collections was supported by a 12.8 percent increase in tourist arrivals in November 2025 compared to November 2024. The higher Green Tax rate introduced on 1 January 2025 also contributed to the year‑on‑year growth.
MIRA noted that the revenue surpassing forecasts was further supported by non‑projected income, including land acquisition and conversion fees and Corporate Social Responsibility (CSR) Fee.
Tourists at the new international passenger terminal at Velana International Airport. (Photo/MACL)
Additionally, 21.2 percent of December’s revenue came from payments made for past deadlines, while 20.3 percent was collected through targeted recovery efforts for outstanding dues.
Top contributors in December 2025
GST: MVR 1.72 billion (53.2 percent)  
Tourism land rent: MVR 519 million (16 percent)  
Green Tax: MVR 218.7 million (6.8 percent)  
Departure Tax: MVR 191.3 million (5.9 percent)  
Airport Development Fee: MVR 176 million (5.4 percent)  
Income Tax: MVR 160 million (4.9 percent)
MIRA also reported receiving USD 157.83 million in foreign currency revenue during the month.
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