MIRA earns MVR 2.2 billion in Jan. 2017

Maldives Inland Revenue Authority (MIRA) has revealed that the agency had earned a whopping MVR 2.2 billion in earnings for the month of January.

Statistics issued by MIRA showed they had earned MVR 2.2 billion, including US$ 73.7 million earned as dollar deposits.

This is an increase of 10.7 percent compared to the same period last year. Increases  in GST, Green Tax, earnings from land sale and resort lease accounted for the increase. MIRA added that increase in tourist arrivals and the agency’s enforcement policy also accounted for increases.

Business Profit Tax accounted for MVR 872 million in earnings but is a reduction of 39.8 percent. GST accounts for MVR 825 million. This is a 37.6 percent increase.

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