Following the increase in tourism-related taxes, the dollar revenue collected by MIRA (Maldives Inland Revenue Authority) last year has increased by 37 percent. According to MIRA statistics, dollar revenue rose to $1.47 billion last year, compared to the $1.06 billion received in 2024.

This growth resulted from government amendments that increased the Green Tax, TGST, Departure Tax, and the Airport Development Fee. Specifically, increasing the Green Tax from $6 to $12 boosted revenue from that tax by 108 percent, reaching $146 million. Additionally, $123 million was received as Departure Tax, and $124 million was collected as Airport Development Fees.

The TGST was raised from 16 percent to 17 percent, and the Departure Tax for foreigners was increased due to rising state debt and the growing demand for dollars. However, despite the increase in dollar inflows to the state, the black market dollar exchange rate stands at a record high of 20.20 Rufiyaa.