Ministry of Finance reports that the Maldives government collected a total of MVR 96.6 million as Green Tax for the month of May 2022.
Green Tax is payable at the rate of USD 6 per day of stay from tourist resorts, hotels and liveaboards and vessels and USD 3 per day of stay from guesthouses.
The highest Green Tax contributor for the month was Kaafu atoll which collected MVR 30.9 million. Green Tax collected from Male' City alone amounted to MVR 796,571.
Second highest Green Tax earnings were reported from Alif Dhaal atoll at MVR 10.2 million, while Raa atoll reported third highest Green Tax earnings at MVR 7.3 million.
Baa atoll, which falls under the UNESCO Biosphere Reserve and is home to some globally renowned snorkeling and diving spots which includes the famous Hanifaru Bay raked in a total of MVR 7.1 million in Green Tax in May.
The next highest Green Tax earnings were reported from Dhaal atoll with MVR 6.9 million followed by Alif Alif atoll with MVR 6.8 million.
Green Tax collected from tourism properties across the atolls make up the Green Fund of the state through which it finances several infrastructural and other development projects.
As such the highest spending under the Green Fund for May 2022 was reported at MVR 5.9 million towards the implementation of the outer island harbor and water supply and sewerage system in OPEC Fund for International Development (OFID) phase 3, followed by an injection of MVR 5.5 million towards the coastal protection project in Fuvahmulah City.
According to the report, a total of 44 projects were funded from the Green Fund in May, including beach protection, water and sewerage projects and harbor projects. MVR 36.7 million was spent on the 44 projects.