June 2025 marked a notable uptick in national tax revenue collection, with the Maldives Inland Revenue Authority (MIRA) reporting USD 170.6 million in total revenue, the highest recorded for the month of June in the last five years. The authority’s latest fiscal report underscores robust economic activity, particularly within the tourism sector, and reflects the continued recovery and resilience of the Maldivian economy.
Compared to June 2024, when MIRA collected USD 129.7 million, the current figures reflect a year-on-year growth of 27 percent. This revenue performance not only surpassed last year’s numbers but also exceeded projections for the month by 10.4 percent, indicating stronger-than-anticipated inflows across key tax categories.
The increase in collections was largely attributed to higher receipts from Tourism Goods and Services Tax (TGST), Green Tax, and revenue generated through land sales and transfer fees. The notable improvement in TGST, in particular, was driven by a 13.1 percent rise in international tourist arrivals in June 2025 compared to the same month in the previous year. This rise in visitor numbers directly boosted tourism-related tax revenue, reaffirming the tourism industry’s critical role in the country’s fiscal health.
Within the total revenue composition, Goods and Services Tax (GST) emerged as the leading contributor, bringing in USD 62.3 million. Income tax collections followed at USD 41.1 million, highlighting steady compliance and collection from corporate and personal income sources. Resort rent tax, another key tourism-related fiscal instrument, contributed USD 26.1 million to the monthly total.
Environmental levies also continued to show strength, with Green Tax generating USD 10.6 million. Airport-related charges, namely the Airport Development Fee and Departure Tax, brought in USD 8.6 million each. These collections reflect the steady flow of outbound international passengers and demonstrate the effectiveness of structured tourism-linked taxation.
According to MIRA’s detailed report, of the total USD 170.6 million collected, USD 116.7 million was attributed to tax revenue, while the remainder consisted of non-tax income and administrative fees. This revenue mix illustrates the broader diversification of fiscal income streams beyond direct taxation.
The June performance is a testament to both the resilience of the country’s tourism sector and the efficiency of MIRA’s tax administration. With tourism remaining the mainstay of the Maldivian economy, the positive variance from projected revenue further strengthens the government’s fiscal position and supports continued investment in national development initiatives.
As MIRA continues to publish monthly fiscal updates, the June figures reinforce the Maldives’ attractiveness as a leading tourist destination and its capacity to generate sustained public revenue from tourism and related economic activities.
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