News

MIRA posts USD revenue gain in June

The Maldives Inland Revenue Authority (MIRA) collected USD 118.6 million in dollar‑denominated revenue in June, a 0.85 percent increase over the same month last year, according to the latest statistics released by the agency.

The June figure – USD 118,599,425 – was driven primarily by tourism‑related levies. The largest contributors were:

T‑GST: USD 41 million
Tourism land rent: USD 27 million
Income tax: USD 19 million
Green tax: USD 10 million
Airport development fee: USD 9 million
Departure tax: USD 9 million

Together, these six categories accounted for the bulk of the dollar revenue, underscoring the Maldives’ continued reliance on its tourism sector.

For the first six months of 2026, MIRA’s dollar‑denominated receipts totalled USD 867.9 million, up 9.67 percent from USD 749.3 million in the same period last year. The year‑to‑date growth reflects a broader upward trend, with full‑year 2025 revenue having reached USD 1.4 billion – a 37 percent jump from the USD 1 billion recorded in 2024.