The Maldives government collected a total revenue of MVR 3.40 billion in January 2023.
According to Maldives Inland Revenue Authority (MIRA), the revenue collected in January increased by 43.1% compared to the same month last year. This is mainly due to the increment in the collection of TGST, GGST, Income Tax, Airport Taxes and Fees, Tourism Land Rent, and Green Tax.
Moreover, tourist arrivals in December 2022 were higher than in December 2021 by 12.0% which led to an increment in tourism-related revenues. Additionally, the revenues collected in the review month were up by 43.6% from the initial projection. Revenues went up compared to the projection due to the increase in the collection of tax revenue sources.
Top Revenue Contributors
- GST: MVR1.62 billion
- Income Tax: MVR1.297 billion
- Green Tax: MVR100.8 million
- Tourism Land Rent: MVR94.0 million
- Airport Development Fee: MVR89.6 million