Maldives Tax Revenue Surges 9.4% to Reach 23.3 Billion Rufiyaa

Government tax revenue in the Maldives surged by 9.4 percent year-on-year to reach 23.3 billion Rufiyaa, serving as the main driver behind total state receipts and grants rising to 30.2 billion Rufiyaa according to the latest figures from the Ministry of Finance and Public Enterprises. The substantial revenue growth was spearheaded by strong performance in Goods and Services Tax, particularly Tourism GST, alongside higher collections from corporate income taxes, Green Tax, and airport departure fees. This solid tax performance successfully offset an 11.5 percent drop in non-tax income during the same timeframe, while overall state expenditure reached 33.5 billion Rufiyaa to continue funding public services and infrastructure initiatives.