The Edition

Latest

Govt revenue at MVR 1.5 billion in March

Fathmath Shaahunaz
04 April 2018, MVT 14:32
Maldives Inland Revenue Authority (MIRA) headquarters in the capital Male. PHOTO / MIHAARU
Fathmath Shaahunaz
04 April 2018, MVT 14:32

The Maldives recorded a government revenue of MVR 1.5 billion for the month of March this year.

According to Maldives Inland Revenue Authority (MIRA)’s official statistics, last month’s revenue was 16 percent higher than that of 2017, and 28 percent higher than the projected estimate. Over MVR 1 billion of the total revenue was in US Dollars (USD 71.2 million).

MIRA attributed the spike to increases in tax incomes and Airport Development Charge, as well as more tourist arrivals in March.

The majority of last month’s revenue was via Goods and Services Tax (GST) at 50 percent, followed by the income from Tourism Land Rent.

MORE ON BUSINESS