Connect with us

Hi, what are you looking for?

News

Airport Tax Revenue Surges 46% in Maldives, Topping USD 142 Million

The Maldivian state has collected more than USD 142.8 million in airport taxes and fees as of late August, marking a sharp 46 percent increase compared to the same period last year.

Figures were published in the Ministry of Finance and Planning’s latest Weekly Fiscal Development Report, which attributes the surge to both higher tourist arrivals and the implementation of revised tax rates.

Advertisement

According to the report, revenue from Departure Tax and Airport Development Fee (ADF) reached USD 142.8 million by 28 August, a significant jump from the USD 97.3 million collected during the same period in 2023.

The government earned USD 71.3 million in Departure Tax between 1 January and 28 August — a 52.5 percent rise from the USD 48.4 million received last year.

Similarly, collections from the ADF also reached USD 71.3 million, reflecting a 51.5 percent increase from the USD 49.4 million recorded over the same timeframe in 2023. The ADF, first introduced in 2017, is charged on all passengers departing from Velana International Airport (VIA).

The higher figures are partly due to new rates introduced on 1 December 2023, which vary by passenger category and class of travel:

Departure Tax

  • Economy Class: USD 12 (locals), USD 50 (foreigners)

  • Business Class: USD 60 (locals and foreigners)

  • First Class: USD 90 (locals and foreigners)

  • Private Jet: USD 120 (locals and foreigners)

Airport Development Fee (ADF)

  • Economy Class: USD 12 (locals), USD 50 (foreigners)

  • Business Class: USD 120 (locals and foreigners)

  • First Class: USD 240 (locals and foreigners)

  • Private Jet: USD 480 (locals and foreigners)

Exemptions apply to diplomats, children under two, and transit passengers for Departure Tax, while the ADF exempts diplomats and direct transit passengers.

The Ministry noted that the rise in collections aligns with the post-pandemic rebound in tourism, highlighting the aviation sector’s pivotal role in driving state revenue. With record tourist arrivals continuing through 2024, officials expect airport tax collections to remain strong throughout the year.

The data underscores how strategic adjustments in tax policy, coupled with growing demand for Maldivian tourism, have significantly bolstered the state’s fiscal position.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related articles

News

The Ministry of Finance and Planning has instructed all government bodies and state institutions to deposit the Ramadan allowance for eligible employees on 12...

News

Two babies have been successfully born through in vitro fertilisation (IVF) at the National Fertility Centre, marking a significant milestone for fertility care within...

News

President Mohamed Muizzu is set to engage in high-level official talks during an upcoming visit to Germany, where discussions are expected to focus on...

News

The Maldives has set a new milestone in its tourism sector after recording 10,253 tourist arrivals on 1 February 2026, marking the highest number...