Maldives Inland Revenue Authority (MIRA) on Sunday reports collecting a total revenue of MVR 4.4 billion in January 2026.
According to MIRA, this is a 33.1% increment from the corresponding period of last year, but a 4.6% decline from the forecasts.
MIRA credits this increment to the rise in the collections of Bank Profit Tax, Land Acquisition and Conversion Fee, and Tourism Goods and Services Tax (TGST). Additionally, a 7.4% increase in tourist arrivals in December 2025 compared to the same month in 2024, contributed to the increment in Green Tax and airport taxes in January.
The taxation authority further said that Bank Profit Tax increased in January due to the period coinciding with the income tax interim payment deadline.
MIRA reports a total GST collection of MVR 1.79 billion in January, that is inclusive of TGST and General Goods and Services Tax (GGST), which is 40.4% of the total revenue in January – making it the largest share of total revenue.
Income tax collections saw the second largest share in January with a total revenue of MVR 1.54 billion.
Other major income sources in January include a total collection of MVR 271.44 million in Land Acquisition and Conversion Fee, MVR 221.80 million in Green Tax, MVR 188.85 million in Airport Development Fee and MVR 180.79 million in Departure Tax.