MIRA recovers MVR 1.2 billion in outstanding funds owed to state

Maldives Inland Revenue Authority (MIRA) has recovered MVR 1.2 billion in overdue taxes, rents, and fees during the second quarter of 2025.

According to MIRA’s quarterly report, the recovery included MVR 828 million collected directly from debtors, MVR 21 million through freezing bank accounts, and MVR 139 million via call and email reminders.

Despite the recovery, outstanding dues remain high, with a total of MVR 14.2 billion yet to be collected. This includes:

MIRA recovered MVR 3.8 billion in outstanding payments last year. Of this, MVR 2.74 billion was secured through notices, while freezing 501 bank accounts brought in an additional MVR 109.4 million, according to the 2024 annual report.

So far in 2025, MIRA has collected MVR 21 billion in taxes overall, with 35 percent (MVR 7.5 billion) generated from TGST, the single largest contributor to state revenue.