News tax / MIRA Maldives Impact 7.0/10 2 min read

State Revenue Reaches MVR 11 Billion

Maldives state revenue reached MVR 11 billion as of April 2024, an increase of MVR 1.9 billion from the same period last year. In April, revenue was MVR 2.1 billion, 13.6% higher than last year and 4.8% above budget estimate. The increase was attributed to higher tourist arrivals in March (194,227 tourists, 4.8% above estimate) boosting GST, airport taxes, and green tax. Tax collections contributed MVR 9.5 billion, with GST alone over MVR 6 billion.

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Maldives Republic

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May 14, 2024

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📋 Story Brief

Maldives state revenue reached MVR 11 billion as of April 2024, an increase of MVR 1.9 billion from the same period last year. In April, revenue was MVR 2.1 billion, 13.6% higher than last year and 4.8% above budget estimate. The increase was attributed to higher tourist arrivals in March (194,227 tourists, 4.8% above estimate) boosting GST, airport taxes, and green tax. Tax collections contributed MVR 9.5 billion, with GST alone over MVR 6 billion.

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Focus: State Revenue Reaches MVR 11 Billion

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14:55

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Maldives Republic

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