MIRA Collects more than MVR 1 billion in November

The Maldives Inland Revenue Authority (MIRA) collected MVR 1 billion last November.

This is 21% higher than the revenue collected in November last year. This was mainly due to the increase in collection from TGST, Green Tax, Land Acquisition and Conversion Fee and Tourism Land Rent when compared to November of last year.

The total revenue collected up to November for this year amounts to MVR 13.29 billion. The total revenue collected up to November in last year was MVR 12.08 billion.

The greatest share of the revenue collected for November 2016 attributed to GST with MVR 525.96 million or 52.2%. The second largest contributor was Land Acquisition and Conversion Fee (MVR 87.84 million or 8.7%). Other significant contributors include BPT (MVR 84.74 or 8.4%), Lease Period Extension Fee (MVR 76.75 or 7.6%), Green Tax (MVR 57.2 million or 5.7%) and other taxes and fees (MVR 175.97 million or 17.4%). 

The revenue collected in November 2016, includes collection in USD of USD 42.2 million. 

15 Dec 16