The Maldives Inland Revenue Authority (MIRA) has reported that the total outstanding revenue owed to the state has exceeded MVR 14.4 billion by the end of the first quarter of 2026.

According to the Q1 2026 financial report, MVR 8.1 billion in tax revenue remained uncollected as of March this year. This represents an increase of MVR 317.69 million compared to the MVR 7.8 billion in arrears recorded at the end of 2025.

A breakdown of the tax arrears shows that General Goods and Services Tax (GST) accounts for the largest share at MVR 3.4 billion. Additionally, the state is owed MVR 2.4 billion in Income Tax, MVR 1.5 billion in Tourism Goods and Services Tax (TGST), and MVR 697.65 million from various other tax categories.

Non-tax revenue arrears stood at MVR 6.3 billion by the end of the first quarter, with the majority attributed to land and island leases for tourism purposes. Unpaid resort rents alone account for MVR 5.9 billion. This category saw a MVR 300 million increase from the MVR 6 billion recorded at the end of the previous year.

The report also highlighted a sharp rise in outstanding payments from State-Owned Enterprises (SOEs), which climbed to MVR 3.51 billion, up from MVR 2.39 billion in late 2025. Despite the mounting arrears, MIRA successfully recovered MVR 2.09 billion through its enforcement policies during the first three months of the year.