MIRA collected MVR 2.04 billion as revenue in October 2025. This is an increment of 16.7% compared to the same period last year. Moreover, it is an increment of 1.2% compared to the forecasted amount for October 2025.
Revenue for October 2025 increased compared to October 2024, mainly due to higher collections of Tourism Sector GST, Green Tax and Airport taxes and Fees. Additionally, tourist arrivals in September 2025 rose by 12.6% compared to September 2024, boosting collections of TGST, Green Tax and Airport Taxes and Fees. The rise in tourist arrivals, along with the increased Green Tax rates from January 2025 and higher Airport Taxes and Fees effective from December 2024, contributed to the overall increase in revenue collection.
Revenue for October 2025 exceeded projections, primarily due to higher collections from TGST, GGST and Work Permit Fee. Land acquisition and conversion fee, Corporate social responsibility fee and lease period extension fee have also contributed significantly to the increment as these fees are not projected.
Additionally, 21.0% of the monthly revenue was collected through payments received from past deadlines, while a further 7.1% was secured through targeted initiatives to recover outstanding dues. Collectively, these factors contributed to the overall revenue exceeding forecasts.
In October 2025, GST accounted for the largest share of revenue received by MIRA which is 60.4% or MVR 1.23 billion. The next largest revenue was from Green Tax which is 8.5% or MVR 172.3 million. In addition, Income Tax MVR 146.1 million (7.2%), Airport Development Fee MVR 138 million (6.8%), Departure Tax MVR 135.9 million (6.7%) and Work Permit Fee MVR 72 million (3.5%),
Out of the revenue collected in October 2025, USD 85.96 million
million constitutes the dollar collection.
For more information:
https://www.mira.gov.mv/Files/GetFile/61dd16fd-2011-4c50-88f1-e65239285d7a