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Business and property tax

Total revenue and grants › Tax revenueMonthlyRufiyaa (MVR)Part of Tax revenue

Latest
MVR 1.58bn
Jul 2026
On a year earlier
−5.5%
same period last year
2026 to date
MVR 5.04bn
+14.4% on the same stretch of 2025
Trend growth, 8 years
9.8% a year
least-squares fit, R² 0.66

The whole record

Loading chart…

Source: Ministry of Finance and Planning, via the Maldives Monetary Authority statistics database.

What the numbers say

Short term

The latest readings
  • The latest figure is MVR 1.58 billion for Jul 2026, down 5.5% on the same month a year earlier.
  • In the first 7 months of 2026 the total was MVR 5.04 billion, up 14.4% on the same stretch of 2025.
  • Over the latest 12 months it came to MVR 5.86 billion, up 7.9% on the 12 months before.
  • The change on a year earlier averaged +25.5% over the last three months, against +19.1% in the three months before: the year-on-year pace has picked up.

Long term

The record as a whole
  • Trend growth over the past 8 years is 9.8% a year (least-squares fit on the logarithm; R² 0.66, a moderate fit, with sizeable swings around the path).
  • Measured end to end, compound growth is 10.7% a year over five years, on 12-month totals.
  • The record high (12-month total) was MVR 6.09 billion in the year to Mar 2024; the latest is 3.8% below it.
  • The past five years include an exceptional swing in the annual growth rate, so no typical range is quoted.
  • There is a regular seasonal pattern: over the last 5 full years the high point has been July and the low point November. Compare each month with the same one a year earlier, not with the one before.

How to read this series

Revenue. Money received by the government each month: taxes (chiefly goods and services tax, business and property taxes, and import duties), non-tax revenue such as fees, rents and dividends, and grants from abroad. Receipts are lumpy because some taxes fall due in particular months; year-to-date totals are the fair comparison.

  • Shown in current prices (nominal). Part of any long-run rise reflects inflation rather than a larger real amount.
  • A flow: it measures activity during each month, and months add up to an annual total.
  • Recent periods are often revised as fuller data arrive. The version comparison below shows what MMA has changed since this site began keeping copies.

Terms such as percentage points, flows and stocks, and trend growth are explained in How to read the tracker.

Revisions

This site holds one version of this series so far, first stored on 6 Oct 2026. Each time MMA adds a period or revises a past figure, a new version is kept alongside the old one and the two are charted against each other here.

Stored versions of Business and property tax
VersionStoredMMA updatedCoversAddedRevisedRemoved
1 (current)6 Oct 202617 Aug 2026Jan 2017 – Jul 2026———

Sorted by Version, descending.

All figures

Every period on record, newest first. Sort by any column, filter, copy the table or download it as CSV.

Every observation of Business and property tax
Jul 2026MVR 1.58 billion−5.5%
Jun 2026MVR 696.8 million+9.7%
May 2026MVR 230.9 million+72.5%
Apr 2026MVR 180.7 million+1.5%
Mar 2026MVR 198.9 million+5.9%
Feb 2026MVR 603.9 million+50.0%
Jan 2026MVR 1.55 billion+29.7%
Dec 2025MVR 171.9 million+12.2%
Nov 2025MVR 133.8 million+43.0%
Oct 2025MVR 150.2 million+26.5%
Sep 2025MVR 121.4 million−30.4%
Aug 2025MVR 241.3 million−50.2%
Jul 2025MVR 1.67 billion+14.3%
Jun 2025MVR 635.5 million−0.1%
May 2025MVR 133.9 million−9.7%
Apr 2025MVR 177.9 million+2.1%
Mar 2025MVR 187.8 million−68.6%
Feb 2025MVR 402.6 million+73.2%
Jan 2025MVR 1.2 billion−29.0%
Dec 2024MVR 153.2 million+46.3%
Nov 2024MVR 93.6 million−21.0%
Oct 2024MVR 118.7 million−26.3%
Sep 2024MVR 174.6 million+28.1%
Aug 2024MVR 484.7 million+128.1%
Jul 2024MVR 1.46 billion−21.1%
Jun 2024MVR 636.3 million+7.5%
May 2024MVR 148.2 million−31.4%
Apr 2024MVR 174.2 million−3.8%
Mar 2024MVR 597.9 million+319.1%
Feb 2024MVR 232.4 million+43.8%

Sorted by Period, descending.

About this series

Source
Ministry of Finance and Planning
Published by
MMA Statistics Database, series 2002
MMA table
Fiscal Sector › Monthly Fiscal Developments › Total revenue and grants › Tax revenue
Coverage
Jan 2017 to Jul 2026 · 115 observations
MMA updated
17 Aug 2026
Last checked
22 Oct 2026

The analysis is calculated by Good Morning Maldives from the published figures; it describes the data and is not a forecast.