MIRA collects MVR 2.1 billion as revenue in July

MIRA collected MVR 2.1 billion in July 2018. This amount is 2.0% higher than the revenue collected in July 2017.

The reason for the increase in revenue collected compared to last year is because the deadline for submission of the 2017 BPT return and making payments fell on a holiday and the deadline was extended to 1 July 2018.

The greatest share of the revenue collected for July 2018 was from BPT with MVR 934.50 million or 43.9% of total revenue. The second largest contributor was GST (MVR 519.13 million or 24.4%). Other significant contributors include Bank Profit Tax (MVR 348.21 million or 16.4%), Tourism Land Rent (MVR 105.32 million or 4.9%), Green Tax (MVR 44.03 million or 2.1%) and other taxes and fees (MVR 177.60 or 8.3%).

Out of the revenue collected in July 2018, USD 47.4 million constitutes the dollar collection. 

 

 

12 Aug 18