MIRA collects MVR 1.09 billion as revenue in May

MIRA collected MVR 1.09 billion in May 2019. This amount is 3.4% more than the amount received for the same month last year and 5.5% less than the forecast for May 2019.

The reason for the increase in revenue collected compared to the same period last year is due the favorable outcome in tourism related revenues is due to the significant increment in tourist arrivals of April 2019 which increased by 36.3% compared to the corresponding period of 2018. And also, due to the increment for GST, BPT and Green Tax In comparison to May 2018. However, due to the decrement in the Bank Profit Tax, actual revenue is lower than the forecasted revenue.

The greatest share of the revenue collected for May 2019 was from GST with MVR 666.90 million or 61.4% of total revenue. The second largest contributor was BPT (MVR 95.40 million or 8.8%). Other significant contributors include Green Tax (MVR 77.66 or 7.2%), Airport Development Fee (MVR 64.84 million or 6.0%), Airport Service Charge (MVR 64.27 million or 5.9%) and other taxes and fees (MVR 116.62 or 10.7%).

Out of the revenue collected in May 2019, USD 43 million constitutes the dollar collection. 

 

  • Related Documents: https://www.mira.gov.mv/reports/May19.pdf

 

 

11 Jun 19