Wednesday, 11 November 2026 · 1 Jumada II 1448 AH

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Economy

Maldives collects MVR 2.28 billion revenue in October

The Maldives Inland Revenue Authority collected MVR 2.28 billion in October 2026, 11.8 percent more than a year earlier but about 15 percent below September.

A red and white Twin Otter seaplane moored at a wooden pontoon in turquoise water, with an air traffic control tower and palm trees behind.
A Trans Maldivian Airways Twin Otter seaplane at its berth beside Velana International Airport. Photo: Martin Falbisoner / Wikimedia Commons (CC BY-SA 4.0)

The Maldives Inland Revenue Authority (MIRA) collected MVR 2.28 billion in revenue in October 2026, it said on 10 November in its monthly collection release.

The figure includes US dollar collections of USD 96.24 million.

How it compares

According to MIRA's revenue series, total collections were MVR 2,276.34 million in October. That is 11.8 percent above the MVR 2,035.62 million collected in October 2025, and about 15 percent below the MVR 2,681.04 million collected in September 2026.

Main sources in October

  • Goods and services tax (GST): MVR 1,344.90 million (tourism sector MVR 788.44 million, non-tourism sector MVR 556.46 million)
  • Green tax: MVR 156.16 million
  • Airport development fee: MVR 150.57 million
  • Departure tax: MVR 148.62 million
  • Non-resident withholding tax: MVR 136.88 million
  • Corporate income tax: MVR 83.90 million
  • Work permit fees: MVR 73.32 million
  • Tourism land rent: MVR 67.30 million

Year to date

MIRA collected MVR 30.00 billion (MVR 30,004.88 million) from January to October 2026. That is 9.1 percent more than the MVR 27,502.61 million collected in the same months of 2025.

The series lists zakat al-mal (MVR 5.28 million) and donations or sadaqah (MVR 1.04 million) separately from the total.