MVR 1.51b tax revenue in November
At the end of last month, the state earned MVR 19.4 billion in revenue through MIRA.
Top Stories
-
ICOM fines President's Office MVR 2,000 over RTI non-compliance
-
Yameen says he doesn't believe Muizzu intends to jail him
-
Samih reappointed head of police homicide investigation unit
-
Ministry gives businesses a month to obtain chemical permits
-
Muththalib says he understands challenges faced by Malé citizens
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:
-
Increase in acceptance of lease period extension fee, income tax, airport development fee, departure tax, TGST and green tax
-
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
-
Receipts for expired tourism land rent bills
-
Received $15 million in lease period extension fees
Here are some of the highest earning segments for MIRA last month:
-
GST - MVR 787.6 million (52.3% of revenue)
-
Lease period extension fee - MVR 230.3 million (15.3% of income)
-
Income Tax – MVR 145.3 million (9.6% of income)
-
Green Tax – MVR 76.2 million (5.1% of revenue)
-
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.
