Gov’t Earns Over MVR 2 Billion from Airport Fees and Taxes This Year

Ministry of Finance statistics revealed that the Maldivian government has earned MVR 2.1 billion from the Airport Development Fee (ADF) and Departure Tax so far this year, surpassing projections.

As of December 5th, revenue from ADF totalled MVR 1.06 billion, exceeding the projected MVR 1.03 billion. This marks a significant increase compared to the MVR 930 million earned during the same period last year. Similarly, Departure Tax revenue has reached MVR 1.04 billion, slightly above the projected MVR 1.03 billion, and an increase from the MVR 904 million collected during the same period in 2023.

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Overall, the state has earned MVR 31.9 billion this year, including MVR 24.3 billion in tax revenue and MVR 7.02 billion in non-tax revenue. Goods and Services Tax (GST) continues to dominate tax revenue, contributing MVR 13.2 billion. Among non-tax revenue sources, ADF and other fees, such as the MVR 379 million collected from expatriate worker quota fees, play a significant role.

From December 1st, the government increased the rates for ADF and Departure Tax. For foreign passengers in Economy Class, the fees rose from USD 30 to USD 50. Business Class fees increased from USD 90 to USD 120, while First Class fees jumped from USD 90 to USD 240. Passengers travelling on private jets now pay USD 480, up from USD 120.

These revised rates are expected to generate an additional MVR 1.5 billion in 2025. The increased revenue is anticipated to further bolster state finances and support ongoing development projects.