19, including Siyam, receive RanLaari Award for highest tax contributions

Nineteen parties, including Ahmed Siyam Mohamed, the chairman and managing director of the Sun Siyam Group, have been presented with the RanLaari Award for making the highest tax contributions last year.

Organized by the Maldives Inland Revenue Authority (MIRA), the RanLaari Award is presented to individuals and businesses who make the highest tax contributions, in recognition of their vital contribution to nation-building.

19 parties from 12 different categories were presented with the award on Friday night in a ceremony held to celebrate MIRA’s 16th anniversary.

Siyam received the award for making the highest income tax contributions by an individual last year.

Siyam is the chairman and managing director of Sun Siyam Group, a diverse collection of companies based in the Maldives. This includes the Sun Siyam Resorts, a prominent resort chain that he founded in 1990.

Hailing from a humble background, his dedication and passion for the tourism industry led to him being renowned as one of the most energetic and visionary business leaders in the country.

He has collected a multitude of awards during his career, including the national award in recognition of his work towards the sustainable development of tourism in the Maldives.

In addition to being a businessman Siyam is also a veteran politician, serving as the president of the Maldives Development Alliance (MDA), and as the longtime parliamentary representative for the Dh. Meedhoo constituency.

The RanLaari Award was presented to individuals and businesses with the highest tax contributions for the past year. This recognition highlights their vital contribution to nation-building.#GulhigenMIRA #16YearsofService #RanLaariAward pic.twitter.com/pBxMOVxEmi

— Maldives Inland Revenue Authority (@MIRAmaldives) August 7, 2026

Full list of individuals and businesses that received the RanLaari Award:

TGST and Green Tax – Resorts:

• Under 150 beds: Velaa Island Maldives
• 151-250 beds: The Ritz-Carlton Maldives, Fari Islands, by CPRC Maldives
• Above 250 beds: Waldorf Astoria Maldives Ithaafushi by Ithaafushi Investments

TGST and Green Tax – Hotels:

• Hulhule’ Island Hotel (HIH) by Maldives Inflight Catering

TGST and Green Tax – Guesthouses:

• Ocean Grand by Samann Hotels

TGST and Green Tax – Tourist Vessel:

• Gomafulhu by Vilamendhoo Investments

TGST – Travel Agency:

• Intour Maldives

TGST – Domestic Air Travel Service Provider:

• Trans Maldivian Airways (TMA)

GST:

• Income of under MVR 30 million: Ahmed Niyaz
• Income of MVR 30-100 million: ILAA Maldives
• Income of MVR 100-200 million: Versa Resorts Management
• Income of above MVR 200 million: China Harbor Engineering Company

Airport taxes and fees:

• Etihad Airways

Income Tax – Individual:

• Ahmed Siyam Mohamed

Income Tax – Non-individual:

• Income of under MVR 30 million: Atmosphere Kani Resort
• Income of MVR 30-100 million: Kandooma Holdings
• Income of MVR 100-200 million: Versa Resorts Management
• Income of above MVR 200 million: Ooredoo Maldives

Income Tax – Bank:

• Bank of Maldives (BML)

State-owned Enterprises:

• Dhivehiraajjeyge Gulhun (Dhiraagu)