Maldives Inland Revenue Authority (MIRA) has revealed the revenue generated by the authority in March 2021 received a boost of 19.2% compared to the same period last year.
Statistics by MIRA shows that the government recorded a revenue of USD 86 million in March 2021, which is 19.2% higher than the revenue yielded in March 2020. It is also 28.4% higher than the projected revenue for March.
Moreover, USD 43.8 million was generated through Goods and Services Tax (GST), accounting for the majority 51% of the total revenue for March. Meanwhile, USD 21.7 million was recorded through Tourism Land Rent, accounting to 25.3% of revenue.
Further statistics shows that USD 4.5 million was documented through both Green Tax and Income Tax, while USD 2 million were recorded through Airport Development Fee (ADF). Other taxes and fees contributed USD 9.3 million in revenue.
Maldives recorded 109,585 tourist arrivals in March, marking the first time tourist arrivals had crossed 100,000 in a single month since the pandemic.