MVR 20 billion received in tax revenue in first three quarters

The State has received MVR 20 billion in tax revenue within the first nine months of the year. 

Statistics shared by Maldives Inland Revenue Authority (MIRA) show that this is an MVR 2 billion increase from last year. Last year's first three quarters saw a tax revenue of MVR 18 billion. 

The increase in tax revenue is largely attributed to raised green tax, departure tax, TGST and airport development fee. 

As of now this year, MVR 1.4 billion has been received in departure tax alone, compared to MVR 869 million in the same period last year. Green tax amounts to MVR 1.7 billion, while the first three quarters of last year saw MVR 808 million. 

The State also received MVR 1.4 billion in airport development fee, which stood at MVR 887 million in the same period last year. 

TGST is at MVR 8.2 billion as of now this year, showing a year on year increase of MVR 1 billion. The largest portion of tax revenue was received through TGST, which stands at 32 percent of total taxes. 

In September, revenue through tax and other fees stood at MVR 3 billion, a 31 percent increase from the same month last year. 

79 percent of taxes are received in dollars. In the first nine months of the year, MIRA has received USD 851 million.