Highest TGST, Green Tax revenue generated by Maafushi

The highest revenue from Green Tax and TGST last year was generated by guesthouse island, K. Maafushi, the Finance Ministry has said.

The Finance Ministry shared statistics on revenue generated by islands in response to an inquiry by Maafannu Central MP Ibrahim Rasheed regarding the revenue collected from certain islands and atolls in the form of GST, TGST, and Green Tax.

The Finance Ministry said the revenue data was obtained through the Maldives Inland Revenue Authority (MIRA). According to the figures, MIRA last year collected MVR 16.4 million in TGST and MVR 544,857 in Green Tax from Maafushi island. The figures showed that the highest revenue from TGST and Green Tax was generated from Maafushi, even in 2019 and 2020.

Five islands with the highest TGST revenue in 2021:

K. Maafushi: MVR 16.4 million
ADh. Dhigurah: MVR 3.88 million
Mandhoo: MVR 3.53 million
HDh. Hanimaadhoo: MVR 3.17 million
K. Thulusdhoo: MVR 3.09 million

Five islands with the highest Green Tax revenue in 2021:

K. Maafushi: MVR 544,857
AA. Ukulhas: MVR 113,277
Mandhoo: MVR 100,824
HDh. Hanimaadhoo: MVR 98,920
K. Thulusdhoo: MVR 85,104

The list publicized by the Finance Ministry does not include details of revenue from K. Male', Hulhumale', Villimale' and individual resorts. However, statistics show the highest revenue from TGST and Green Tax last year was collected from Kaafu atoll. The nine islands in the atoll generated MVR 22.51 million in TGST and MVR 761,571 in Green Tax.

The state also received MVR 8.31 million in TGST and MVR 234,555 in Green Tax from 10 islands in the ADh. atoll.

The GST on tourism is currently charged at 12 percent. Green Tax is charged at USD 6 per night from tourists staying at resorts, tourist hotels, and liveaboards. Tourists staying in guesthouses are charged Green Tax at the rate of USD 3 per day.