The Maldives Inland Revenue Authority (MIRA) collected a total of MVR 2.63 billion in revenue this April, marking a 16% increase over the initial projections. This figure includes USD 120.70 million, which represents a marginal decline of 0.3% compared to the same period last year.
The higher-than-expected revenue is attributed to increased collections from Goods and Services Tax (GST), work permit fees, and resort land rents, as well as successful efforts to recover outstanding tax dues. Notably, MVR 543 million of the total revenue was generated through such debt recovery measures last month. While GST remains the primary source of income, MIRA continues to implement consistent measures to strengthen state revenue, despite a 19.8% decrease in tourist arrivals during this period.
