The Maldives Inland Revenue Authority reported revenue collections of USD 142.74 million in November, a 16.6 percent increase compared with the same month last year.
Tourism provided the strongest impetus, driven by a 10.3 percent rise in visitor arrivals in October and higher receipts from the Goods and Services Tax and the Green Tax. Officials said policy changes introduced earlier in the year, including higher rates for the Green Tax and airport fees, were central to the gains. Revenues exceeded projections by 6.7 percent, underscoring the impact of those adjustments.
Beyond tourism, non-tourism GST delivered stronger-than-expected returns, while fees from land transactions added to the surplus. Tourism GST remained the largest single source of income, generating USD 84.34 million. The Green Tax and airport development levies also contributed significantly, reinforcing the sector’s role as the backbone of the national economy.
MIRA further reported collections of USD 103.23 million in foreign currency, with enforcement measures targeting arrears and late payments accounting for a substantial share of the month’s total intake.