The national tax agency, Maldives Inland Revenue Authority (MIRA) has reported a dollar revenue of USD 125 million for January.
According to statistics, the January collection is 17 percent more than the revenue collected during the same period last year. While USD 125 million was collected this year, the collection stood at USD 104 million in January 2024.
The largest dollar revenue source last month was the Tourism Goods and Services Tax (TGST). TGST collection stood at USD 69 million in January, up from USD 61 million generated in the same month last year.
Dollar revenue from other taxes in January:
• Departure tax - USD 7.3 million in 2025 / USD 6.4 million in 2024
• Income Tax - USD 28.9 million in 2025 / USD 16.5 million in 2024
• Green tax - USD 7 million in 2025 / USD 6.4 million in 2024
The figures show that MIRA collected a total revenue of USD 214 million in January, including both local currency and dollar earnings. While USD 125 million was received in US dollars, the remaining amount was collected in Maldivian Rufiyaa.
The revenue collection last month was five percent higher than the estimated amount.