- MIRA collected MVR 2.92 billion in June 2026, up 10.1% year-on-year and 14.7% above forecast.
- Tourism GST led revenue at MVR 1.09 billion, with income tax and bank income tax driving growth.
- First-half 2026 revenue reached MVR 19.30 billion, rising from MVR 17.02 billion a year earlier.
State revenue collected by the Maldives Inland Revenue Authority rose by 10.1 per cent year-on-year to MVR 2.92 billion in June 2026, supported by stronger income tax and goods and services tax receipts.
The monthly total was also 14.7 per cent above the MVR 2.48 billion projected for June. Revenue collected in US dollars amounted to USD 118.6 million.
Tax revenue reached MVR 2.18 billion, accounting for 74.6 per cent of the monthly total, compared with MVR 1.90 billion in June 2025. Non-tax revenue stood at MVR 742.5 million, slightly below the MVR 748.3 million recorded a year earlier.
Tourism Goods and Services Tax was the largest revenue source during the month, contributing MVR 1.09 billion, or 37.2 per cent of total collections. Income tax generated MVR 799 million, followed by tourism land rent at MVR 411 million.
Green tax contributed MVR 157 million, while the airport development fee and departure tax generated MVR 135 million and MVR 134 million, respectively.
MIRA attributed the above-forecast performance to higher collections from GST, bank income tax, green tax and airport-related taxes and fees. Tourist arrivals in May were 1.7 per cent higher than forecast, raising tourism-linked tax and fee collections reported in June.
The annual increase was largely driven by bank income tax, general sector GST, corporate income tax and tourism sector GST. MIRA said bank income tax benefited from advance payments ahead of the July deadline, while final payments relating to 2025 tax liabilities were settled on time.
Tourist arrivals in May were also 1.5 per cent higher than in the same month last year, contributing to increased tourism-related revenue. Collections from the Corporate Social Responsibility fee also rose, while lease period extension fees were received in May and June after no such revenue was recorded in June 2025.
Revenue recovery measures accounted for a significant share of the monthly result. MIRA collected MVR 465 million through enforcement activity, including MVR 286.41 million from dunning procedures, MVR 79.24 million through dues clearance and MVR 71.61 million through instalment plans.
Total revenue for the first half of 2026 reached MVR 19.30 billion, up from MVR 17.02 billion during the corresponding period of 2025. Tax revenue rose to MVR 15.42 billion, while non-tax revenue increased to MVR 3.88 billion.
