The Maldives Inland Revenue Authority (MIRA) collected MVR 3.60 billion as income in January, 12.2 percent higher than projected.
The revenue included USD 102.7 million collected in American dollars, MIRA revealed.
The total amount was 5.7 percent higher than revenue collected in the same period last year, the tax authority said.
Revenue in January 2024 was higher compared to January 2023 due to increases in the collection of corporate income tax, general goods and services tax (G-GST), bank profit tax and the expatriate quota fee, MIRA said.
Details of revenue collected by MIRA last month
- MVR 1.68 billion as income tax
- MVR 1.41 billion as GST (39.29 percent of total revenue)
- MVR 99.56 million as green tax (2.77 percent)
- MVR 94.62 million as airport development fee (2.63 percent)
- MVR 92.23 million as departure tax (2.57 percent)
- MVR 220.38 million as other taxes and fees (6.13 percent)
Among these, MIRA collected USD 69.32 million as dollar revenue.
