MIRA revenue rises 11.8% to MVR 2.28 billion in October
By Dhipoz ·
The Maldives Inland Revenue Authority (MIRA) collected MVR 2.28 billion in October 2026, marking an 11.8% increase compared to October 2025 and exceeding its revenue forecast by approximately 12–13%, MIRA said on 10 November 2026.(en.mmtv.mv)
Revenue growth was largely driven by higher collections in both the General Goods and Services Tax (GGST) and Tourism GST (TGST), as well as increases in income tax, tourism land rent payments, and airport-related taxes and fees. MIRA also recovered significant overdue amounts through enforcement measures.(en.mmtv.mv)
GST remained the single largest contributor, amounting to about MVR 1.3 billion or roughly 58.9% of the total. Income tax contributed around MVR 248 million (10.9%), with Green Tax, Airport Development Fee, Departure Tax, and Work Permit Fees also among the notable sources.(en.mmtv.mv)
MIRA’s enforcement efforts recovered MVR 448 million—nearly one-fifth of the month’s total collection. This included MVR 171 million through payment notices, MVR 161 million via dues clearance, MVR 98 million under instalment plans, MVR 10 million through account freezes, and MVR 8 million via reminder calls.(en.mmtv.mv)
The collections included USD 96.24 million in foreign currency, a decline from September's USD 126.8 million but still about 12% higher than October 2025’s USD 85.9 million.(see.mv)
Year-to-date (January–October 2026), cumulative revenue reached approximately MVR 30 billion—an increase of about 9–9.2% over the same period in 2025.(maldivesnow.net)
What this means for small businesses
For small business owners—shopkeepers, cafés, guesthouses—these figures signal continued stability and growth in key sectors like tourism and GST collections. The strong performance in GST, income tax, and recovery efforts suggest that compliance and timely payments remain important. Ensuring your POS or online store system is correctly configured to capture and report GST and relevant taxes will help avoid delays or penalties, and could contribute to smoother operations—something Dhipoz supports through its integrated tools.
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