The Maldives Inland Revenue Authority (MIRA) collected MVR 2.2 billion in revenue during November, marking a 16.6 percent increase compared to the same month last year.
According to MIRA, revenue last November stood at MVR 1.89 billion, while collections this year exceeded estimates by 6.7 percent.
The increase was driven by higher receipts from tourism goods and services tax (TGST), green tax, airport taxes and fees, and rents from long-term agricultural islands. The rise in tourist arrivals in October also contributed to the growth.
MIRA noted that green tax and airport departure fees doubled compared to November last year.
Breakdown of November revenue includes:
MVR 1.3 billion in GST (including TGST)
MVR 191 million in green tax
MVR 131.7 million in income tax
MVR 164.99 million in departure taxes
MVR 175.87 million in airport development fees
MVR 63.86 million in work permit fees
MVR 8.98 million in fines
MVR 522,465 in plastic bag fees
MVR 4.25 million in property zakat
MIRA said GST accounted for the largest share of revenue at 59.1 percent, followed by green tax at 8.7 percent.
MIRA reports MVR 2.2 billion revenue in November, 16.6 percent higher than last year
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