MIRA rakes in MVR 1.3 bln in earnings for February 2018

Maldives Inland Revenue Authority (MIRA) has earned MVR 1.3 Billion in revenue in February 2018.

MIRA’s monthly revenue collection report for February shows a 19.4 percent rise in the total revenue collection for February this year in comparison to 2017.

MIRA’s revenue report credited this increase to the increment in the Goods and Services Tax (GST) –  inclusive of both GGST and TGST –  due to the 13.6 percent increase in tourist arrivals in comparison to January 2017. MIRA collected MVR 77.35 million as Green Tax in February this year.

The dues recovered through MIRA’s Enforcement Policy also contributed to the increase in February’s revenue, according to the report.

In addition to this, the collection of Airport Development Fee which was not collected in February 2017 added to the increase in revenue this year. MIRA collected MVR 65.6 million as Airport Development Fee in February 2018.

This year GST collection contributed to 63.7 percent of the total revenue in February, while Business Profit Tax (BPT) contributed 9.8 percent of the revenue, and Green Tax contributed 6.2 percent of the revenue.

Share this post: