Total revenue
Sent to People's Majilis for approval
This section consists of income of previous years and forecasts for the upcoming years.
Total income could be viewed according to revenue categories and the collecting agencies.
Total revenue
In Maldivian Rufiyaa
2016
2017
2018
2019
2020
Actual
Revised
Budgeted
Budgeted
Budgeted
Total Receipts
21,722,635,161
23,424,440,969
25,480,699,624
27,748,423,517
29,309,253,052
Tax Revenues
13,293,027,889
14,595,288,942
16,300,988,766
16,717,132,184
17,700,388,447
Import Duties
2,487,360,434
2,741,617,221
3,029,642,048
3,181,124,151
3,340,180,358
Business and Property Tax
3,264,253,693
3,401,923,663
4,156,246,721
3,969,778,204
4,243,437,123
Tourism Tax
152,967
-
-
-
-
Land Sales Tax
23,390,569
85,037,068
59,376,894
79,305,374
76,275,247
Business Profit Tax
2,215,903,167
2,125,650,845
2,962,485,432
2,765,824,814
2,971,154,032
Ownership Transfer Tax
1,072,450
921,650
925,200
925,200
925,200
Bank Profit Tax
491,669,612
649,894,827
570,964,382
544,692,920
595,782,172
Withholding Tax
532,064,928
540,419,273
562,494,813
579,029,895
599,300,472
Goods and Services Tax
6,248,800,396
6,767,744,997
7,459,324,913
7,834,198,092
8,306,651,027
Tourism Goods and Services Tax
3,920,699,947
4,137,732,183
4,311,275,367
4,491,577,275
4,656,053,371
Goods and Services Tax
2,328,100,449
2,630,012,814
3,148,049,547
3,342,620,817
3,650,597,657
Royalties
74,137,837
76,985,368
77,551,325
79,895,755
81,715,034
Other Taxes and Duties
1,218,475,530
1,607,017,694
1,578,223,759
1,652,135,982
1,728,404,904
Sale of Revenue Stamps
43,317,219
52,729,863
44,904,225
45,713,385
46,214,981
Green Tax
623,070,526
682,992,675
757,340,554
783,894,132
813,637,329
Airport Service Charges
537,502,407
704,006,262
648,159,437
686,911,931
724,934,684
Remittance Tax
14,585,378
167,288,894
127,819,542
135,616,535
143,617,910
Non Tax Revenues
5,019,858,727
5,517,648,593
5,453,430,070
5,558,472,005
5,544,995,580
Fees and Charges
1,038,095,602
1,102,053,841
1,230,611,956
1,282,616,791
1,340,721,084
Registration and Licence Fees
337,721,832
328,407,725
322,165,989
334,247,801
347,729,547
Proceeds from Sales
44,049,147
44,026,773
29,575,979
29,877,380
30,181,690
Property Income
2,364,541,522
2,328,568,243
2,103,303,682
2,167,544,436
2,068,744,893
Rent from Goifaalabba, Hinna
4,068,970
4,597,585
4,703,517
4,797,307
4,892,974
Rent from Government Buildings
21,634,483
21,113,415
23,419,111
23,671,242
24,413,870
Rent from Resorts
1,357,413,541
1,629,364,928
1,905,147,081
1,954,269,156
1,852,424,357
Rent from Land for Commmercial Purposes
106,134,459
108,741,396
118,213,870
132,745,237
143,777,769
Rent from Land for Industry
5,592,464
25,239,561
14,367,907
19,866,128
17,519,308
Rent from Government Vessels
16,600
600
15,020
19,215
10,000
Rent from Islands for Long Term Agriculture
14,616,564
15,688,227
15,925,839
16,001,534
15,997,605
Other Rent and Property Income
855,064,440
523,822,532
21,511,337
16,174,618
9,709,010
Fines and Penalties
326,950,556
206,513,402
248,193,419
210,408,705
229,702,120
Interest, Profit and Dividends
663,903,718
1,141,118,135
1,286,890,982
1,311,247,073
1,341,864,937
Subsidiary Loan Interest received
26,620,975
103,464,800
169,820,295
194,176,386
224,794,250
Transfers by MMA
82,029,878
67,189,931
90,000,000
90,000,000
90,000,000
Div. - Island Aviation Services Ltd
10,000,000
88,690,445
20,000,000
20,000,000
20,000,000
Div. - Hulhumale Development Corporation
-
44,249,093
20,000,000
20,000,000
20,000,000
Div. - Maldives Ports Ltd.
60,000,000
119,034,213
60,000,000
60,000,000
60,000,000
Div. - Maldives Airports Company Ltd
-
-
201,944,184
201,944,184
201,944,184
Div. - Maldives Post Ltd
1,370,161
49,504,309
2,722,209
2,722,209
2,722,209
Div. - Dhivehiraajjeyge Gulhun Pvt. Ltd.
337,081,292
458,168,112
258,439,600
258,439,600
258,439,600
Div. - State Trading Organisation Plc.
-
64,650,000
177,929,113
177,929,113
177,929,113
Div. - Maldives Transport and Contracting Co. Ltd.
-
7,658,304
10,000,000
10,000,000
10,000,000
Div. - Bank of Maldives Plc.
53,180,216
62,564,960
57,400,000
57,400,000
57,400,000
Div. - Maldives Tourism Development Corporation
-
8,424,530
8,000,000
8,000,000
8,000,000
Div. - Housing Development Financing Corporation
26,666,240
15,618,750
15,500,000
15,500,000
15,500,000
Div. - Maldives Water and Sewerage Company Ltd.
57,542,190
30,000,000
172,560,600
172,560,600
172,560,600
Div. - Thilafushi Corporation Ltd.
-
14,556,280
14,556,280
14,556,280
14,556,280
Div. - Gulhifalhu Industrial Zone
-
-
7,231,200
7,231,200
7,231,200
Other Interest, Profit or Dividend Received
9,412,766
7,344,408
787,500
787,500
787,500
Miscellaneous Non-Tax Revenues
229,319,309
342,879,611
212,267,088
199,910,354
163,391,756
Capital Revenue
15,277,041
24,080,864
20,420,974
22,619,465
22,659,554
Proceeds from Sale of Assets
15,277,041
24,080,864
20,420,974
22,619,465
22,659,554
Gains
(592)
1,720,868
12,067
12,067
12,067
Gains on Exchange Rates
(592)
1,720,868
12,067
12,067
12,067
Trust Fund Accounts Balances
169,349,682
147,291,043
124,743,630
127,472,285
130,315,503
Trust Fund Accounts Balances
169,349,682
147,291,043
124,743,630
127,472,285
130,315,503
Foreign Grants
253,125,768
718,203,502
733,698,517
886,356,666
674,285,293
Foreign Cash Grants
79,936,230
136,216,527
33,358,205
35,093,205
35,508,205
Foreign Project Grants
173,189,538
581,986,975
700,340,312
851,263,461
638,777,088
Foreign Loan
2,987,273,687
2,444,288,021
2,867,826,573
4,458,978,310
5,259,256,162
Project Loan
2,987,273,687
2,444,288,021
2,867,826,573
4,458,978,310
5,259,256,162