State revenue generated from airport taxes and fees has surpassed MVR 3.3 billion, according to the latest figures released by the Ministry of Finance.
Data published in the ministry's latest "Weekly Fiscal Development" report shows that by 29th of last month, the state received MVR 1.64 billion in Departure Tax. This reflects a 6.4 percent growth compared to the MVR 1.54 billion collected during the corresponding period last year.
Revenue from Airport Development Fee (ADF) also saw notable growth. The state collected MVR 1.68 billion in ADF up to the end of last month, marking a 7.6 percent increase compared to the MVR 1.56 billion recorded during the same period in the previous year.
Combined, total earnings from Departure Tax and Airport Development Fee reached MVR 3.32 billion. This represents an overall increase of 6.8 percent compared to the MVR 3.11 billion collected across the two revenue streams over the same timeframe last year.
The Maldives introduced the Departure Tax on 1 January 2022, replacing the former Airport Service Charge. The Airport Development Fee has been levied on passengers departing from Velana International Airport (VIA) since 1 May 2017.
Under existing regulations, exemptions for Departure Tax apply to individuals with diplomatic immunity, transit passengers, and children under the age of two. Similarly, exemptions for the Airport Development Fee are granted to passengers holding diplomatic immunity and direct transit travelers.