Green Tax
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BusinessDollar revenue drops 15% in September compared to 2025
The Maldives Inland Revenue Authority reported a 15% drop in dollar revenue for September, falling to $126.8 million. While tourism taxes rose, the decline was driven by a sharp decrease in lease extension fees and airport taxes. Despite this monthly dip, total dollar revenue for the year remains higher than 2023 levels at $1.2 billion.
BusinessGovernment revenue exceeds MVR 30 billion
The Maldivian government’s revenue surpassed MVR 30 billion, marking a slight increase over last year despite a slowdown in tourism-related tax growth. While tax revenue rose to MVR 23.8 billion, non-tax revenue saw a decline. Economic experts link the stagnation to a cooling tourism sector, which may impact year-end budgetary targets.
