MIRA collects MVR 2.63 billion in June

The Maldives Inland Revenue Authority (MIRA) has reported collecting revenue of MVR 2.63 billion for June 2025.

This amount represents a 27.0 percent increase compared to the revenue collected during the same period last year. It is also 10.4 percent higher than the projected revenue for June 2025.

The main reason for the increase in revenue in June 2025 compared to June 2024 is due to the rise in GST and Green Tax from the tourism sector, along with an increase in land sale and transfer fees. This growth in tourism sector revenue is attributed to a 13.1 percent increase in tourist arrivals to the Maldives in June 2025 compared to June 2024.

In addition to this, MIRA stated that the increase in Green Tax rates effective from 1 January 2025, and the increase in Airport Tax and Fee rates from December 2024 also contributed to the revenue growth in June 2025.

The largest portion of revenue collected by MIRA in June 2025 was from GST, accounting for 36.5 percent or MVR 960.9 million. The second-largest revenue source was Income Tax, contributing 24.1 percent or MVR 634.0 million.

Further, MVR 403.1 million, or 15.3 percent was collected as Resort Land Rent Tax, MVR 163.3 million or 6.2 percent as Green Tax, MVR 133.2 million or 5.1 percent as Airport Development Fee, and MVR 133.1 million or 5.1 percent as Departure Tax.

The revenue collected in June 2025 includes USD 116.7 million.