Vessel Fee

Vessel fee is levied pursuant to the Regulation on Registration of Local Vessels (Regulation Number 2016/R-6) on every vessel that is registered at the Transport Authority. This yearly fee is based on the length of the vessel and the classification to which it belongs. 

Effective from 1 January 2023,  except for the vessel fees payable in USD and respective fines, other fees will not be collected to MIRA.

From 1 January 2023 onwards, these payments will be collected via SavaareePay
Should you require further clarifications regarding this change, you may contact the Ministry of Transport and Civil Aviation.

Information needed to make USD payments

The vessel registry, or the name and registration number of the vessel, or the Taxpayer Identification Number (TIN) will be required. You must complete MIRA 404 form when making the payment.

Classification of Vessels

Classifications of vessels have changed as follows, effective 31 January 2016 pursuant to the Regulation on Registration of Local Vessels:

Code 1: Fishing Vessels
Code 2: Vessels for transportation of passengers
Code 3: Vessels for transportation of goods
Code 4: Vessels for transportation of passengers and goods
Code 5: Vessels for sea sports activities
Code 6: Vessels for personal use
Code 7: Vessels for other uses
Code 8: Oil tankers
Code 9: House boat, Floating restaurant (Vessels with 1- 50 rooms will be considered as floating restaurants)
Code 10: Safari vessels
Code 11: Tugboat
Code 12: Luxury vessels
Code 13: Bareboat
Code 14: Submarine
Code 15: Floating hotels (Vessels with 51 rooms or more will be considered as floating hotels)
Code 16: Landing craft
Code 17: Pontoon (Barge)

As some of the fee codes have been changed under the new regulation, vessel owners need to renew their Vessel Registration before making the next annual fee payment to MIRA. 

Fee Amount

Following are the vessel types, engine capacity and respective annual fees.

Codes 1,2,3,4 and 5

Length of vessel Fee
Less than 3 meters MVR 500
Equal to or more than 3 meters, but less than 6 meters MVR 1,000
Equal to or more than 6 meters, but less than 9 meters MVR 1,500
Equal to or more than 9 meters, but less than 12 meters MVR 3,000
Equal to or more than 12 meters, but less than 15 meters MVR 3,500
Equal to or more than 15 meters, but less than 20 meters MVR 4,500
Equal to or more than 20 meters, but less than 30 meters MVR 7,000
Equal to or more than 30 meters, but equal to or less than 40 meters MVR 10,000
For each additional meter exceeding 40 meters or part thereof MVR 100

Codes 6,7 and 17

Length of vessel Fee
Equal to or less than 12 meters MVR 6,500
For each additional meter exceeding 12 meters or part thereof MVR 150

Codes 8 and 16

Length of vessel Fee
Equal to or less than 12 meters MVR 10,000
For each additional meter exceeding 12 meters or part thereof MVR 200

Code 9

Length of vessel Fee
Equal to or less than 12 meters MVR 15,000
For each additional meter exceeding 12 meters or part thereof MVR 200

Code 10, 11 and 14

Length of vessel Fee
Equal to or less than 12 meters MVR 15,000
For each additional meter exceeding 12 meters or part thereof MVR 250

Code 12

Length of vessel Fee
Less than 24 meters US$ 3,500
Equal to or more than 24 meters US$ 5,000

Fine / Penalties

Vessel fee must be paid before the end of the month of registration. If the vessel fee is not paid 6 months from the deadline, a fine of MVR 1,500 will be imposed. Such vessels can only provide services after paying the amount of fine and unpaid annual fees. Fine/Penalties relating to USD payments should be paid to MIRA.

©   Maldives Inland Revenue Authority