The Maldives Inland Revenue Authority (MIRA) has announced that the country’s tax revenue reached USD 774 million (MVR 12 billion) in the first six months of 2025, representing 70 percent of the total government revenue for this period. Of this amount, approximately MVR 5 billion was collected in local currency.
This marks a 38 percent increase in dollar terms compared to the same period last year, when tax revenue stood at USD 564 million (MVR 8.6 billion), reflecting a robust recovery and growth in government collections.
Analysis of the revenue streams reveals that the Goods and Services Tax (GST) was the largest contributor, generating USD 400 million (MVR 6.1 billion). Following GST, the Green Tax brought in USD 73 million (MVR 1.1 billion), highlighting the growing importance of environmental levies in the Maldives’ fiscal framework.
Resort-related revenue also saw a notable rise, with resort rental collections totaling USD 64 million (MVR 1 billion) in the first half of the year. This increase underscores the continued recovery of the tourism sector, a key pillar of the Maldivian economy.
Among individual months, January recorded the highest revenue, with USD 177 million (MVR 2.7 billion) collected. Experts suggest that fees such as the Airport Development Fee and the Green Tax have been instrumental in boosting overall tax revenue, reflecting strategic measures by the government to diversify income sources.
The surge in tax revenue not only indicates stronger economic activity but also provides the government with greater fiscal space to fund public services and development projects. Analysts believe that continued growth in tourism-related levies and strategic taxation policies will play a crucial role in sustaining this momentum throughout 2025.
