Revenue Breakdown; as of November 10, 2022

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The cumulative total of tax revenues reached MVR16.6 billion as of November 10, 2022.

By the same cumulative period in 2021, tax revenues had only reached MVR12.2 billion. This indicates earnings of the state improved noticeably well in 2022.

Meanwhile, cumulative non-tax revenue by the review date reached MVR6.2 billion. Cumulative non-tax revenue for the same period last year had stood at MVR4.1 billion, indicating non-tax earnings improved this year as well.

Top Tax Revenue Categories

  • Tourism Goods and Services Tax (TGST): MVR5.49 billion
  • Import Duties: MVR2.82 billion
  • General Goods and Services Tax (GGST): MVR2.65 billion
  • Business Profit Tax (BPT): MVR2.07 billion
  • Green Tax: MVR825.5 million

Top Non-tax Revenue Categories

  • Rent from Resorts: MVR1.52 billion
  • Airport Development Fee: MVR702.6 million
  • Registration and License Fees: MVR690.8 million
  • SOE Dividends: MVR547.8 million
  • Interest and Profits: MVR355.9 million

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