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Public finance · Revenue · Monthly

MIRA Revenue Collection

Track revenue collected by the Maldives Inland Revenue Authority, including tax and non-tax receipts, performance against projected revenue codes, foreign-currency collection and recovery activity.

Latest period · May 2026 · Report published 10 June 2026 · Source: MIRA
Total collection MVR 2.05B
▼ 5.8% from May 2025
Tax revenue MVR 1.68B 82.2% of May collection · ▼ 9.7% YoY
Non-tax revenue MVR 365.6M 17.8% of May collection · ▲ 17.1% YoY
USD collection USD 88.54M Foreign-currency revenue received in May
January–May MVR 16.38B ▲ 14.0% from the same period of 2025
Five-year comparison

Monthly revenue collection

Tax, non-tax and total revenue · MVR millions

Tax revenueNon-tax revenue
May 2026 remained the second-highest May collection in the five-year comparison, despite falling from the 2025 peak.

What made up the month's revenue

Share of total collection
Largest revenue sources

Contribution to total revenue

Reported MVR-equivalent collection, inclusive of USD receipts.

GST
56.3%
Income Tax
11.4%
Airport Dev. Fee
7.7%
Departure Tax
7.6%
Green Tax
6.8%
Work Permit Fee
3.5%
Foreign-currency receipts

Contribution to USD revenue

USD 88.54 million was collected. The largest components were tourism-linked taxes and fees.

TGST
55.5%
Airport Dev. Fee
11.6%
Departure Tax
11.4%
Green Tax
10.2%
Income Tax
5.9%
Lease extension
3.8%

Year-to-date performance

2026 compared with 2025
Total revenue MVR 16.38B ▲ 14.0% year on year
2026MVR 16.38B
202514.37B
Tax revenue MVR 13.24B ▲ 14.2% year on year
2026MVR 13.24B
202511.59B
Non-tax revenue MVR 3.14B ▲ 13.1% year on year
2026MVR 3.14B
20252.78B
CM recalculated the Januaryu2013May revenue shares.

The report's Januaryu2013May share percentages appear to use May's monthly total as the denominator, producing values above 100%. CM therefore does not reproduce that column and instead calculates period shares from the Januaryu2013May total.

Revenue recovery and compliance

Enforced collection MVR 382M

Includes dues from past deadlines. Detailed methods total approximately MVR 382.24 million due to rounding.

MVR 242.13M Dunning
MVR 68.19M Dues clearance
MVR 58.98M Installment plans
MVR 9.24M Reminder calls and emails
MVR 3.40M Action policy
MVR 0.30M Bank account freezing policy
MIRA also states that 13.8% of monthly revenue came from payments received after past deadlines and that a further 21.9% was secured through targeted recovery initiatives. These percentages should not be added to the MVR 382 million figure without clarification because the report does not explain whether the measures overlap.

Refunds and adjustments

Cash refunds MVR 3.822M

Excess payments refunded to taxpayers in cash. MIRA states these amounts are not reflected in the collection table.

Adjustments MVR 167,000

Offsets claimed for advance tax payments. These adjustments are recorded and already reflected in the relevant tax collection figures.

Selected revenue lines

Revenue lines

Revenue line May 2026 May 2025 YoY Jan–May 2026 Jan–May 2025 YoY
Total revenue MVR 2.049B MVR 2.176B -5.8% MVR 16.381B MVR 14.372B +14.0%
Tax revenue MVR 1.684B MVR 1.864B -9.7% MVR 13.241B MVR 11.595B +14.2%
Non-tax revenue MVR 365.6M MVR 312.3M +17.1% MVR 3.141B MVR 2.777B +13.1%
Goods and Services Tax MVR 1.154B MVR 1.359B -15.1% MVR 8.482B MVR 7.764B +9.3%
Income Tax MVR 234.2M MVR 132.7M +76.5% MVR 2.754B MVR 2.093B +31.6%
Airport Development Fee MVR 158.1M MVR 167.5M -5.6% MVR 942.3M MVR 774.9M +21.6%
Departure Tax MVR 155.8M MVR 165.1M -5.6% MVR 928.3M MVR 769.6M +20.6%
Green Tax MVR 138.6M MVR 205.0M -32.4% MVR 1.058B MVR 959.6M +10.3%
Work Permit Fee MVR 71.2M MVR 63.9M +11.4% MVR 337.3M MVR 301.6M +11.8%
Lease Period Extension Fee MVR 51.9M — New collection MVR 160.4M MVR 700.8M -77.1%

Methodology and editorial notes

What this indicator measures

The page presents revenue collected by MIRA during the latest month and year-to-date. "Total revenue" is the MVR-equivalent figure reported by MIRA and includes collections received in US dollars.

Monthly collection is not the same as government fiscal revenue on an accrual basis. Timing differences, overdue payments, refunds, adjustments and one-off fees can materially affect a single month's cash collection.
SourceMIRA Monthly Revenue Collection Report · May 2026
Report generated8 June 2026
Publication date10 June 2026
Revision statusFigures may change following taxpayer amendments and reconciliation
CM calculationsYear-on-year changes, YTD shares and forecast attainment
Forecast scopeOnly projected revenue codes