98.9 percent of MIRA revenue in 2024 was paid online

Maldives Inland Revenue Authority (MIRA)'s annual report states that 98.9 percent of their revenues in 2024 were received through online payments.

As per the report, MIRA received a total of MVR 22.77 billion last year.

Tax revenue was 9.7 percent higher than projected. The annual report states that this was 10.5 percent higher than revenue in 2023.

Main reasons for the increase in tax revenue include raising TGST to 16 percent, and an increase in tourist arrivals within the tax period last year by 8.76 percent.

The reported GST in 2024 also shows a five percent increase compared to the previous year.

MIRA also stated that revenue other than in taxes also showed a 38.5 percent increase compared to the projected amount.