The state’s tax and non-tax revenue for 2024 climbed to MVR 11 billion as of April, according to data released by the Maldives Inland Revenue Authority (MIRA). This is an increase of MVR 1.9 billion compared to the same period last year.

According to the latest monthly revenue collection report for April, the state received MVR 2.1 billion in revenue last month — 13.6 percent higher than over the same period last year and 4.8 percent higher than the budget estimate.

This increase was attributed to higher revenue from taxes directly related to higher-than-expected tourist arrivals in March contributing to higher collections in terms of GST, airport taxes and fees, and green tax.

According to Ministry of Tourism data, 194,227 tourists visited Maldives in March this year; 4.8 percent higher than originally estimated.

While total revenue this year currently stands at MVR 11 billion, collections from taxes contributed MVR 9.5 billion, while collections from other levies and fees contributed MVR 1.4 billion — GST collections stood at more than MVR 6 billion, making up more than two-thirds of total revenue.