MVR 1.51b tax revenue in November
At the end of last month, the state earned MVR 19.4 billion in revenue through MIRA.
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By
Ahmed Mizyal
State revenue from taxes increased in November compared to the same period last year.
According to the state's revenue data for November by MIRA, a total of MVR 1.51 billion was paid to the agency last month. This is an increase of 20.4% over the same month last year.
MIRA points out that the reasons for the increase in revenue surge in November are:
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Increase in acceptance of lease period extension fee, income tax, airport development fee, departure tax, TGST and green tax
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Increase in airport tax and fee collections on account of increase in tourist arrivals in October and changes in tax rates based on passenger class
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Receipts for expired tourism land rent bills
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Received $15 million in lease period extension fees
Here are some of the highest earning segments for MIRA last month:
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GST - MVR 787.6 million (52.3% of revenue)
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Lease period extension fee - MVR 230.3 million (15.3% of income)
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Income Tax – MVR 145.3 million (9.6% of income)
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Green Tax – MVR 76.2 million (5.1% of revenue)
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Airport Development Fee - MVR 73.3 million (4.9% of revenue)
Last month, MIRA received $63.68 million.
At the end of last month, the state earned MVR 19.4 billion in revenue through MIRA. Total income in dollar stood at $754.9 million.
