MIRA collects MVR 2.69 billion in September, beating forecast by 12.7%

The Maldives Inland Revenue Authority (MIRA) collected MVR 2.69 billion in revenue in September 2026, according to the agency’s latest monthly report. 

The figure represents a 12.7 percent increase compared to the forecast for the month, despite recording a 10.7 percent decline compared to September 2025. MIRA attributed the year-on-year decrease primarily to lower collections from the lease period extension fee, which had included a significant one-off payment in September last year, and reduced General Sector GST dues.

GST remained the largest contributor to revenue, accounting for 46.8 percent, or MVR 1.26 billion. Tourism Land Rent followed at MVR 424 million, supported by higher dues collection and on-time payments received towards the September deadline. MIRA noted that stronger-than-expected tourist arrivals in August, 18 percent above projections, boosted Tourism Sector GST collections.

A total of MVR 623 million was recovered through enforced collection efforts, including dunning, installment plans, dues clearance and bank account freezing measures. As of September 2026, government revenue has reached MVR 27.8 billion, including USD 1.2 billion in foreign currency collections.