The state collected MVR 61.7 million in Green Tax in October 2022, the Ministry of Finance reports.
According to the most recent statistics published by the ministry, Green Tax collected from resorts, hotels and guesthouses reached a total of MVR 60.02 million.
01. Resorts: MVR 57.5 million
02. Guesthouses: MVR 1.72 million
03. Liveaboards / Safari Vessels: MVR 1.63 million
04. Hotels: MVR 800,864.58
05. Homestays: MVR 1,196.52
01. Kaafu: MVR 21.91 million
02. Raa: MVR 4.74 million
03. Alif Alif: MVR 4.6 million
04. Alif Dhaal: MVR 4.4 million
05. Gaaf Alif: MVR 4.2 million
Thaa and Laamu atolls had the lowest green tax collections, with MVR 99,587.28 and MVR 86,221.32 collected, respectively.
Revenue inflow to the Green Fund by October, in annual terms reached MVR 820.9 million.
The revenue collected by the state as Green Tax makes up the Green Fund, a state reserve allocated for development projects across atolls. According to the Ministry of Finance, the state spent MVR 154.9 million from the Green Fund on various infrastructure development projects in several atolls, including coastal protection, waste management, and water and sewerage system installation projects.