Business income tax revenue reached MVR 3.03 billion as of 22 October, exceeding the MVR 2.77 billion collected in all of 2025, according to Ministry of Finance and Public Enterprises figures. Withholding tax, personal income tax and other taxes on businesses and property also rose compared with last year.
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Business income tax revenue has reached MVR 3.03 billion as of 22 October, more than the MVR 2.77 billion collected throughout 2025
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more than the MVR 2.77 billion collected throughout 2025, while collections from other major tax categories have also risen this year.
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Withholding tax collections also increased, reaching MVR 1.12 billion as of 22 October, against MVR 991.4 million in the same period last year
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reaching MVR 1.12 billion as of 22 October, against MVR 991.4 million in the same period last year, a rise of about 13 per cent.
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against MVR 991.4 million in the same period last year, a rise of about 13 per cent.
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Personal income tax revenue grew by 6.22 per cent, from MVR 397.1 million last year to MVR 421.8 million this year.
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Personal income tax revenue grew by 6.22 per cent, from MVR 397.1 million last year to MVR 421.8 million this year.
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Personal income tax revenue grew by 6.22 per cent, from MVR 397.1 million last year to MVR 421.8 million this year.
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The largest increase was in other taxes on businesses and property, which brought in MVR 1.38 billion this year, up about 87 per cent from MVR 738.4 million last year.
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which brought in MVR 1.38 billion this year, up about 87 per cent from MVR 738.4 million last year.
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up about 87 per cent from MVR 738.4 million last year.
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Figures released by the Ministry of Finance and Public Enterprises show that business income tax collections are about nine per cent higher than last year’s total.
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