MVR 2B earned from Airport Development Fee, Departure Tax

MVR 2 billion has been earned from Airport Development Fee (ADF) and Departure Tax so far this year.

Statistics publicized by the Finance Ministry showed that revenue earned from ADF and Departure Tax exceeded the projected amount as of December 5^th. In this regard, MVR 1.06 billion has been earned from ADF so far this year. The project total of ADF for this year was placed at MVR 1.03 billion.

MVR 930 million was earned from ADF during the same period last year.

The projected total of Departure Tax for this year was also placed at MVR 1.03 billion. However, MVR 1.04 billion has been earned in Departure Tax so far this year.

MVR 904 million was earned from Departure Tax during the same period last year.

Hence, total earnings from ADF and Departure Tax so far this year stand at MVR 2.1 billion.

The state has earned MVR 31.9 billion during this period accounting for MVR 24.3 billion in tax revenue and MVR 7.02 billion in non-tax revenue.

The highest percentage of tax revenue comes from Goods and Services Tax (GST) accounting for MVR 13.2 billion. The highest percentage of non-tax revenue fees such as ADF. They include MVR 379 million earned from quota fees charged from expatriate workers.

Notably, the government has raised the ADF and Departure Tax rates effective of December 1^st.

This saw ADF and Departure Tax raised from USD 30 to USD 50 for foreign ‘Economy Class’ passengers, from USD 90 to USD 120 for both local and foreign ‘Business Class’ passengers, from USD 90 to USD 240 for ‘First Class’ passengers, and from USD 120 to USD 480 for passengers who travel in private jets.

The government projects these changes will generate an additional MVR 1.5 billion next year.