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Govt collects MVR 100.8 million in Green Tax for January

Mohamed Rehan
05 March 2023, MVT 09:04
Government collects Green Tax from tourist properties; collections depend on tourist arrivals--
Mohamed Rehan
05 March 2023, MVT 09:04

The Ministry of Finance has reported that a total of MVR 100.8 million was collected in Green Tax during January this year.

The ministry's Green Fund Report indicates that a sum of MVR 100,789,699.40 was collected in Green Tax in the review month.

Green Tax Breakdown:

- Tourist resorts and guesthouses: MVR 99,995,910.87

- Liveaboards and safari Vessels: MVR 1,831,674.91

- Homestays: MVR 2,113.62

Top Green Tax Contributors (by Atoll)

1. Kaafu Atoll: MVR 37,057,452.75

2. Alifu Dhaalu Atoll: MVR 12,475,187.19

3. Raa Atoll: MVR 8,512,722.84

4. Baa Atoll: MVR 7,537,121.81

5. Alifu Alifu Atoll: MVR 6,355,322.67

In contrast, Gnaviyani Atoll, where only the island of Fuvahmulah is located, had the lowest collection of just MVR 9,203.88.

It was also revealed that MVR 74.8 million from the Green Fund was allocated to various developmental projects, such as shore protection, harbour construction, and water and sanitation initiatives across the country.

The Green Fund was established with revenues from the Green Tax to fund urban development projects. It is a significant contributor to the country's efforts to achieve sustainable development.

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