Budget 2023
Revenue
Approved Budget
Maldives Inland revenue Authority
In rufiyaa
2021
2022
2023
2024
2025
Actual
Revised
Budgeted
Budgeted
Budgeted
Total Revenue
14,688,669,520
19,133,245,540
22,121,558,280
23,789,936,648
25,771,133,090
Tax Revenue
11,002,352,474
14,505,033,059
18,642,781,407
20,237,191,916
22,090,852,735
Import Duties
-
-
-
-
-
Import Duty - Private Parties
-
-
-
-
-
Import Duty - Government Agencies
-
-
-
-
-
Export Duties
-
-
-
-
-
Export Duty - Private Parties
-
-
-
-
-
Export Duty - Government Agencies
-
-
-
-
-
Business and Property Tax
2,748,814,704
4,200,781,762
4,415,974,466
4,614,792,245
4,840,053,222
Tourism Tax
-
-
-
-
-
Land Sales Tax
37,500
-
-
-
-
Business Profit Tax
1,105,710,164
2,075,283,354
2,114,968,101
2,154,047,348
2,215,146,309
Ownership Transfer Tax
6,514,450
5,217,500
3,299,700
4,902,750
4,759,200
Bank Profit Tax
675,071,083
901,259,957
903,333,395
953,510,420
996,725,234
Withholding Tax
741,250,007
920,597,330
1,061,309,852
1,146,214,641
1,237,911,812
Individual Income Tax
217,138,767
298,423,621
333,063,418
356,117,086
385,510,667
Transport Operator Income Tax
3,092,733
-
-
-
-
Goods and Services Tax
7,733,319,067
9,482,192,709
13,299,003,466
14,615,017,582
16,100,838,561
Tourism Goods and Services Tax
5,247,672,844
6,411,383,089
9,095,980,087
10,054,715,894
11,280,599,675
Goods and Services Tax
2,485,646,223
3,070,809,620
4,203,023,379
4,560,301,688
4,820,238,886
Royalties
45,717,210
53,478,070
57,212,680
63,427,105
68,649,805
Duty-Free Shop Royalty
45,588,709
53,478,070
57,212,680
63,427,105
68,649,805
Fuel Re-Export Royalty
128,501
-
-
-
-
Re-Export Royalty
-
-
-
-
-
Foreign Trade Royalty
-
-
-
-
-
Foreign Fishing Royalty
-
-
-
-
-
Foreign Investment Royalty
-
-
-
-
-
Garment Industries Royalty
-
-
-
-
-
Bullion Royalty
-
-
-
-
-
Yellowfin Tuna Export Royalty
-
-
-
-
-
Fish Export Royalty
-
-
-
-
-
Other Taxes and Duties
474,501,493
768,580,518
870,590,795
943,954,984
1,081,311,147
Sale of Revenue Stamps
971,827
-
-
-
-
Green Tax
1
-
-
-
-
Airport Tax
-
-
-
-
-
Airport Service Charges
473,428,444
768,566,633
870,590,795
943,954,984
1,081,311,147
Remittance Tax
101,221
13,885
-
-
-
Miscellaneous Taxes and Duties
-
-
-
-
-
Non Tax Revenue
3,674,245,209
4,613,457,593
3,461,976,535
3,535,948,407
3,663,487,843
Fees and Charges
822,464,160
1,700,177,928
1,138,886,063
1,212,909,322
1,350,725,751
Company Annual Fee
18,547,340
18,462,864
-
-
-
Restaurant, Cafe, Canteen Fee
2,100
-
-
-
-
Non-Fisheries Vessel Fee
26,310,800
18,472,761
-
-
-
Certificate Fee
-
-
-
-
-
Charges for Providing Seal
-
-
-
-
-
Survey Fee
-
-
-
-
-
Customs Surcharge
-
-
-
-
-
Transfer of Goods
-
-
-
-
-
Intransit Fee
-
-
-
-
-
Bonded Warehouse Fee
-
-
-
-
-
Release of Staff
-
-
-
-
-
Form Printing Fee
-
-
-
-
-
Advertisement By Government
-
-
-
-
-
Advertisement By Private Parties
-
-
-
-
-
Announcements By Government
-
-
-
-
-
Recording Fee
-
-
-
-
-
Sponsorship of Programmes
-
-
-
-
-
Hire of Sound System
-
-
-
-
-
Approval of Movies and TV Serials
-
-
-
-
-
Approval of Songs In Local Films
-
-
-
-
-
Driving Test Fee
-
-
-
-
-
Seaman Watchkeeping Stamp
-
-
-
-
-
Seaman Agency Change Fee
-
-
-
-
-
Ship, Boat Numbers
-
-
-
-
-
Landing Charges
-
-
-
-
-
Handling Charges
-
-
-
-
-
Birth Registration Fee
-
-
-
-
-
Birth Certificate Issuance
-
-
-
-
-
Parking Charges
-
-
-
-
-
Disposal of Waste
-
-
-
-
-
Market Fee
-
-
-
-
-
Dividing Housing Plots
-
-
-
-
-
Drawing Chart
-
-
-
-
-
Pay Toilet Charges
-
-
-
-
-
Providing Seal on Measuring Instruments
-
-
-
-
-
Music and Cable TV at Exhibitions
-
-
-
-
-
Passport Cancellation Fee
-
-
-
-
-
Sale of Training Centre Products
-
-
-
-
-
Conducting Marriage Outside The Court
-
-
-
-
-
Court Fee
-
-
-
-
-
Photocopy Charges
-
-
-
-
-
Telephone Call, Telex, Telefax Charges
-
-
-
-
-
Sale of Tender Documents
1,105,717
907,770
-
-
-
Billboard and Advertisement Charges
-
-
-
-
-
Express Service Charges
-
-
-
-
-
School Fee
-
-
-
-
-
Boarding Fee
-
-
-
-
-
Course Fee and Examination Fee
-
-
-
-
-
Examination Paper Re-evaluation Fee
-
-
-
-
-
Charges for Testing Quality of Bricks
-
-
-
-
-
Approval of Advertisment
-
-
-
-
-
Approval of Books
-
-
-
-
-
Political Candidates' Deposit
-
-
-
-
-
Use of Male' T-Jetty
-
-
-
-
-
Flat Maintenance
460,191
529,087
473,201
447,501
413,898
Consultation Fee
-
-
-
-
-
Medical Check-Up Fee
-
-
-
-
-
Ambulance Fee
-
-
-
-
-
Hospital Ward Fee
-
-
-
-
-
X-Ray Fee
-
-
-
-
-
Charges for Dental Services
-
-
-
-
-
E.C.G. Fee
-
-
-
-
-
Operation and Surgery Fee
-
-
-
-
-
Charges for Laboratory Tests
-
-
-
-
-
Health Record Issuance
-
-
-
-
-
Dressing and Injection Charges
-
-
-
-
-
Scan Fee
-
-
-
-
-
Physiotherapy Fee
-
-
-
-
-
Labour Fee
-
-
-
-
-
Endoscopy Charges
-
-
-
-
-
Refraction
-
-
-
-
-
C.T. Scan Fee
-
-
-
-
-
ID Card Issuance
-
-
-
-
-
Sale of Ticket
-
-
-
-
-
Sale of Pass
2,672,856
2,443,652
2,443,652
2,443,652
2,443,652
Residential Permit
49,822,980
4,396,900
-
-
-
Permission for air travel within Maldives
-
-
-
-
-
Partnership Annual Fee
-
-
-
-
-
Import Trade Fee
47,913
-
-
-
-
Fees for Changing Name
-
-
-
-
-
Electricity Charges Received
-
-
-
-
-
Local Transport Surcharge
-
-
-
-
-
Charges for Pvoviding Statistics
-
-
-
-
-
Dry Dock Charges
-
-
-
-
-
Co-operative Society Annual Fee
6,600
10,800
10,800
10,800
10,800
Co-operative Society Registration Fee
1,200
1,200
1,000
1,000
1,000
Social Health Insurance Claims
-
-
-
-
-
Trade Registry Fee
1,942,900
2,309,598
2,437,749
2,794,706
3,018,281
Foreign Investment Administration Annual Fee
6,985,619
6,530,650
4,366,200
4,596,000
4,825,800
Processing charge
-
-
-
-
-
Import Vessel Fee
-
-
-
-
-
Lease period extension
230,200,000
843,950,000
-
-
-
Construction period extension fee
-
-
-
-
-
Airport development fee
483,012,012
779,904,974
870,590,795
943,954,984
1,081,311,147
Corporate social responsibility fee
-
275,940
-
-
-
Tourism Administration fee
-
16,862,000
-
-
-
Trauma service
-
-
-
-
-
Dermatology Service
-
-
-
-
-
Cardiac Service
-
-
-
-
-
Admission Fee
-
-
-
-
-
Light Dues
-
-
-
-
-
Fee for Sand mined from beaches
-
-
-
-
-
Sovereign Guarantee Fee
-
-
-
-
-
Other Contribution to SDF
-
-
-
-
-
Expatriate Quota Fee
-
-
256,000,000
256,000,000
256,000,000
Revenue Clearing Account
-
169,936
-
-
-
Other Fees and Charges
1,345,932
4,949,796
2,562,666
2,660,679
2,701,173
Revenue Fee
-
-
-
-
-
Registration and Licence Fees
457,600,136
510,597,429
469,952,655
474,648,886
479,383,990
Company Registration Fee
3,428,241
3,310,109
3,597,769
3,597,769
3,597,769
Partnership Registration Fee
388,500
318,100
341,200
341,200
330,000
Auditors Registration Fee
-
-
-
-
-
Guest House Registration Fee
1,263,500
516,000
1,202,500
1,246,500
1,329,500
Training Centre Registration Fee
-
-
-
-
-
Foreign Trading Approval Fee
-
-
-
-
-
Dive School Registration Fee
105,000
100,000
145,000
190,000
200,000
Club, Association Registration Fee
-
-
-
-
-
Clinic Registration Fee
-
-
-
-
-
Duty Free Concession Fee
-
-
-
-
-
Expatriate Fishing Fee
-
-
-
-
-
Work Permit Fee
325,665,370
451,883,744
458,201,637
462,783,651
467,411,486
Driving Licence Issuance
-
-
-
-
-
Motor Vehicle Licence Fee
112,924,959
45,737,797
-
-
-
Desalination Plant Licence Fee
-
-
-
-
-
Telecom License Fees
-
-
-
-
-
Registration Fee
120,000
155,000
155,000
155,000
155,000
Cancellation of Registration
-
-
-
-
-
Bank Mortgage Registration Fee
510,000
640,000
670,000
670,000
670,000
Marriage Registration
-
-
-
-
-
Renewal of Land Registry
-
-
-
-
-
Certificate to Register As A Male' Citizen
-
-
-
-
-
Misc. Certificates Issued In Male for Islands
-
-
-
-
-
Permission to Send Foreign Workers to Islands
-
-
-
-
-
Vessels Anchored In Male' Lagoon
-
-
-
-
-
Port Fee
-
-
-
-
-
Seaman Agreement Registration
-
-
-
-
-
Seaman Registration
-
-
-
-
-
Postage Control Permission
-
-
-
-
-
Copyright Registration fee
-
-
-
-
-
Inwar & Outward clearance fee
-
-
-
-
-
Loading & Unloading fee
-
-
-
-
-
Dewatering permit fee
-
-
-
-
-
Sole Traders Registration fee
2,480,900
3,111,663
3,117,851
3,117,851
3,117,851
Employment Agency Registration fee
-
-
-
-
-
Other Registration & Licence Fees
8,157,166
2,328,286
-
-
-
Online Business and Activity Registration Fee
2,556,500
2,496,730
2,521,698
2,546,915
2,572,384
Proceeds from Sales
-
-
-
-
-
Sale of Books, News Papers, Magezines Etc
-
-
-
-
-
Sale of Gazette, Law, Regulation
-
-
-
-
-
Sale of Calendar,Souvenir Etc
-
-
-
-
-
Sale of Official Forms
-
-
-
-
-
Sale of Historical Books Etc
-
-
-
-
-
Sale of C.D.C
-
-
-
-
-
Sale of Passport and E.C.
-
-
-
-
-
Sale of Trees and Timber
-
-
-
-
-
Sale of Sand, Coral, Stone Etc
-
-
-
-
-
Sale of Water
-
-
-
-
-
Other Sales
-
-
-
-
-
Property Income
2,210,523,015
2,290,304,766
1,813,056,161
1,822,155,822
1,815,826,751
Rent from Goifaalabba, Hinna
5,395,241
2,197,296
1,968,115
1,641,747
1,511,199
Rent from Government Buildings
1,841,374
1,695,031
1,828,906
1,841,373
1,695,031
Rent from Resorts
2,072,300,827
2,029,206,159
1,738,489,878
1,750,052,018
1,752,078,326
Rent from Land for Commmercial Purposes
87,036,034
83,159,848
54,601,178
52,457,857
44,384,406
Rent from Land for Industry
396,696
390,990
385,964
380,707
375,669
Rent from Government Vessels
-
-
-
-
-
Rent from Helipads
-
-
-
-
-
Rent from Islands for Long Term Agriculture
15,053,103
15,663,020
15,782,120
15,782,120
15,782,120
Rent from Floating Jetty
24,000
-
-
-
-
Uninhabited Island Administration Fee
-
-
-
-
-
Uninhabited Islands Rent (to ctzn of the Island)
-
-
-
-
-
Land acquisition and conversion fee
28,475,740
157,992,422
-
-
-
Rent from Public Places
-
-
-
-
-
Other Rent and Property Income
-
-
-
-
-
Fines and Penalties
183,556,349
99,841,423
40,081,656
26,234,377
17,551,351
Fine-Breach of Law
94,284,340
60,400,008
19,594,257
12,324,144
8,010,693
Fine-Breach of Regulation
8,366,428
5,081,710
4,714,037
3,193,993
2,184,429
Fine-Breach of Agreement
53,326,216
5,603,834
3,148,035
2,138,642
1,467,491
Late fine deducted from Salaries
32,881
50,000
53,854
53,854
53,854
Dharanyaai Qazziyya joorimanaa
-
-
-
-
-
Traffic Violation Charges
27,532,560
28,700,950
12,564,662
8,516,933
5,828,073
Vehicle Impounding Fee
-
-
-
-
-
Other Fine or Penalty
13,924
4,921
6,811
6,811
6,811
Interest, Profit and Dividends
-
-
-
-
-
Subsidiary Loan Interest received
-
-
-
-
-
Short term Loan Interest received
-
-
-
-
-
Transfers by MMA
-
-
-
-
-
Div. - Island Aviation Services Ltd
-
-
-
-
-
Div. - Maldives National Shipping Ltd.
-
-
-
-
-
Div. - Hulhumale Development Corporation
-
-
-
-
-
Div. - Maldives Ports Ltd.
-
-
-
-
-
Div. - Maldives Airports Company Ltd
-
-
-
-
-
Div. - Maldives Post Ltd
-
-
-
-
-
Div. - Dhivehiraajjeyge Gulhun Pvt. Ltd.
-
-
-
-
-
Div. - State Trading Organisation Plc.
-
-
-
-
-
Div. - State Electric Company Ltd.
-
-
-
-
-
Div. - Public Works Services
-
-
-
-
-
Div. - Maldives Transport and Contracting Co. Ltd.
-
-
-
-
-
Div. - Nasandhura Palace Hotel
-
-
-
-
-
Div. - Maldives Inflight Catering
-
-
-
-
-
Div. - Maldives Industrial Fisheries Co. Ltd.
-
-
-
-
-
Div. - Bank of Maldives Plc.
-
-
-
-
-
Div. - Maldives Tourism Development Corporation
-
-
-
-
-
Div. - Housing Development Financing Corporation
-
-
-
-
-
Div. - Maldives Water and Sewerage Company Ltd.
-
-
-
-
-
Div. - Addu Investments Pvt. Ltd.
-
-
-
-
-
Div. - Madivaru Holdings
-
-
-
-
-
Div. - Air Maldives Ltd.
-
-
-
-
-
Div. - Vilingili Investments Pvt. Ltd.
-
-
-
-
-
Div. - Hulhumale Integrated Economic Zone
-
-
-
-
-
Div. - Gulhi Falhu Industrial Zone Ltd.
-
-
-
-
-
MMA Exchange Profit
-
-
-
-
-
Dividend -SOEs & Public Enterprises
-
-
-
-
-
Div. - Koohdoo Fisheries
-
-
-
-
-
Other Interest, Profit or Dividend Received
-
-
-
-
-
Miscellaneous Non-Tax Revenues
101,549
12,536,047
-
-
-
Cash Received for Which Purpose Is Unknown
79,444
450,357
-
-
-
Reimbursement from Previous Year Budget
22,105
2,335
-
-
-
Subscription, Membership Fee Etc
-
-
-
-
-
Subsidiary Loan Repayment
-
-
-
-
-
Compensation of Losses to Government Assets
-
-
-
-
-
Recovery from unclaimed items
-
-
-
-
-
Zakath
-
-
-
-
-
Donations Received
-
31,361
-
-
-
Receipts to Integrated Transport Network Fund
-
-
-
-
-
Transferred Balance
-
-
-
-
-
Government Contribution to Fishermen insurance
-
-
-
-
-
Fisherman Subsidy Premium
-
-
-
-
-
Zakath al Mal
-
12,051,994
-
-
-
Zakath al Fitr
-
-
-
-
-
Other miscellaneous non-tax revenue
-
-
-
-
-
Refund of Miscellaneous Receipts
-
-
-
-
-
Gains
-
-
-
-
-
Gains on Exchange Rates
-
-
-
-
-
Gains on Investment Revaluation
-
-
-
-
-
Gain on Sale of Government Property
-
-
-
-
-
Gain on Sale of Government Land
-
-
-
-
-
Gain on Sale of Sale of Capital Assets
-
-
-
-
-
Gain on Sale of Other Asset
-
-
-
-
-
Gain on Sale of Equity in Public Enterprises
-
-
-
-
-
Gains-Other
-
-
-
-
-
Proceeds from Investments
-
-
-
-
-
Proceeds From Sale
12,071,837
14,754,888
16,800,338
16,796,325
16,792,512
Proceeds from Sale of Assets
12,071,837
14,754,888
16,800,338
16,796,325
16,792,512
Sale of items at auction
-
-
-
-
-
Sale of Government Building
299,622
117,092
80,272
76,259
72,446
Sale of Government Land
11,772,215
14,637,796
16,720,066
16,720,066
16,720,066
Sale of Capital Assets
-
-
-
-
-
Sale of Other Asset
-
-
-
-
-
Grants
-
-
-
-
-
Cash Grants
-
-
-
-
-
Cash Grants - Bilateral
-
-
-
-
-
Cash Grants - Multilateral
-
-
-
-
-
Cash Grants - Voluntary Organisation
-
-
-
-
-
In-Kind Grants
-
-
-
-
-
In-Kind Grants - Bilateral
-
-
-
-
-
In-Kind Grants - Multilateral
-
-
-
-
-
In-Kind Grants - Voluntary Organisation
-
-
-
-
-
Capital Project Grants
-
-
-
-
-
Capital Project Grant - Bilateral
-
-
-
-
-
Capital Project Grant - Multilateral
-
-
-
-
-
Capital Project Grant - Voluntary Organisation
-
-
-
-
-
Other Grants
-
-
-
-
-
Other Grant - Bilateral
-
-
-
-
-
Other Grant - Multilateral
-
-
-
-
-
Other Grant - Voluntary Organisation
-
-
-
-
-
Total Revenue
In Billion Rufiyaa