TGST revenue observes MVR 99M decline

The Maldives' Tourism Goods and Services Tax (TGST) has declined by MVR 99 million due to the decrease in tourist arrivals.

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Tourists walking by the beach in Kaafu atoll Thulusdhoo--

Mohamed Rehan

2023-06-12 17:53:10

The Maldives' Tourism Goods and Services Tax (TGST) has declined by MVR 99 million due to the decrease in tourist arrivals.

According to statistics released by the Maldives Inland Revenue Authority (MIRA), the state collected MVR 718 million in Tourism Goods and Services Tax (TGST) in May 2023, compared to MVR 817 million collected in April.

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