MVR 1.98 billion in total income was collected by the Maldives Inland Revenue Authority (MIRA) in September.
According to MIRA’s monthly revenue collection report, overall income received in September was 8.6 percent lower than expected revenue for the month, but 133.5 percent more than revenue collected in the same period in 2020.
The increase in income in September was related to an increase in the collection of Income Tax, Tourism Land Rent, TGST, GGST, Green Tax, and Airport Taxes and Fees, according to MIRA.
MIRA stated that receipts from Tourism Land Rent increased significantly because the Tourism Land Rent deadline for Q4 2020 was postponed, yet payments were received on time this year.
Income tax was the largest contributor to revenue in September. MIRA collected MVR 745 million in income tax, accounting for 37.6% of total revenue.
MIRA also received MVR 553 million in GST, MVR 410 million in Tourism Land Rent, MVR 72 million in Green Tax, MVR 53 million in Airport Development Fee, and MVR 147 million in other taxes and fees.