MIRA Recovers MVR 1.2 Billion in Outstanding Funds in Q2, But Arrears Still Top MVR 14 Billion

The 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 its latest quarterly report.MIRA said th...

Mohamed Hilmy

15 September 2025, 00:00

The 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 its latest quarterly report.

MIRA said the recoveries were secured through multiple enforcement measures, including MVR 828 million collected directly from debtors, MVR 21 million obtained by freezing bank accounts, and MVR 139 million through follow-ups via calls and emails.

Despite the significant collections, outstanding dues owed to the state remain at a staggering MVR 14.2 billion. The largest share of arrears is linked to resort rentals, which account for MVR 4.8 billion, followed by MVR 3.2 billion in unpaid General GST, MVR 1.4 billion in Tourism GST (TGST), and MVR 2.4 billion owed by state-owned companies.

Last year, MIRA recovered MVR 3.8 billion in overdue payments, with the majority—MVR 2.74 billion—secured through notices, while freezing 501 bank accounts brought in an additional MVR 109.4 million, according to its 2024 annual report.

So far in 2025, the authority has collected a total of MVR 21 billion in state revenue, with TGST contributing the largest share at 35 percent, or MVR 7.5 billion.

MIRA has consistently emphasized the importance of timely payments by taxpayers, noting that delays not only impact government cash flow but also hinder the financing of essential public services and development projects.

MIRA Recovers MVR 1.2 Billion in Outstanding Funds in Q2, But Arrears Still Top MVR 14 Billion

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