MIRA collects MVR 940.3 million as revenue for April 2015

MIRA has collected 940.3 million Rufiyaa as revenue for April 2015. This is 14.9% more than the amount collected in April 2014.

 The reasons for the increase in revenue include increase in collection of Tourism Sector GST by 48.5% (primarily due to TGST rate change to 12% in November 2014), increase in collection of lease period extension fee 58.3%, and increased collection of Land Acquisition and Conversion fee.

The MIRA has collected MVR 4.66 billion as revenue in the first four months of 2015. This amount is 29.4% more than the amount collected in the same period of 2014.

The reasons for the increase in revenue collected in first quarter of 2015 include increase in collection of Tourism Sector GST by 44.1% (primarily due to TGST rate change to 12% in November 2014), and collection of lease period extension fee from May.

The amount collected in April includes $41.2 million received in US dollars.

The collection for April 2015 is 6.5% more than the forecasted amount for this month. The reasons for this includes increased collection of Lease Period Extension Fee and Land Acquisition and Conversion fee.

GST contributed the most revenue in April 2015, with 69.8% (Rufiyaa 655.96 Million) of the total revenue. It is followed by BPT at 10.2% (Rufiyaa 96.34 Million) and Lease Period Extension Fee at 5.8% (Rufiyaa 54.65 Million). Additionally, Airport Service Charge and Land Acquisition and Conversion fee accounted for 4.3% (Rufiyaa 40.07 Million) and 2.7% (Rufiyaa 24.49 Million) of the collected revenue, respectively.

12 May 15