MIRA collects MVR 3 billion in September, highest monthly revenue in 5 years
The figure represents a 33.7% increase over MIRA’s forecast for the month and a 30.7% rise compared to the same period last year.
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The Maldives Inland Revenue Authority (MIRA) collected MVR 3 billion in revenue in September, marking the highest monthly collection in five years, according to data released by the authority on Thursday.
The figure represents a 33.7% increase over MIRA’s forecast for the month and a 30.7% rise compared to the same period last year.
MIRA attributed the higher-than-expected revenue to increased collections from Goods and Services Tax (GST), Tourism Land Rent, Tourism GST (T-GST), and airport-related taxes and fees. Additionally, a significant boost came from lease period extension fees, which are not included in the authority’s regular revenue estimates.
The main sources of revenue for September were:
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GST – MVR 1.2 billion (40.5%)
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Lease Period Extension Fee – MVR 507 million (16.9%)
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Tourism Land Rent – MVR 404 million (13.4%)
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Airport Development Fee – MVR 204 million (6.8%)
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Departure Tax – MVR 199 million (6.6%)
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Green Tax – MVR 195.7 million (6.5%)
The total revenue collected in September also included USD 150 million, representing an increase of approximately USD 47 million compared to the same month last year.
