MIRA collected MVR 1.32 billion as revenue in August 2022. This is an increase of 3.6% compared to the same period last year. And an increase of 5.9% compared to the forecasted amount for August 2022.
Revenue of August 2022 is significantly higher, largely due to the increment in collection of TGST, Airport Development Fee and Airport Service Charge. Tourist Arrivals of July 2022 increased by 31.2% compared to July 2021, which led to this favorable outcome for TGST and Airport Taxes and Fees. Furthermore, receipt of USD 5 million as Lease Period Extension Fee (LPEF) also contributed to the comparative increment in revenue. There was no LPEF receipt in August 2021.
The greatest share of the revenue collected for August 2022 was from GST with MVR 645.81 million or 48.7% of total revenue. The second largest contributor was Income Tax (MVR 263.86 million or 19.9%). Other significant contributors include Green Tax (MVR 73.09 million or 5.5%), Airport Development Fee (MVR 69.43 million or 5.2%) and other taxes and fees (MVR 196.28 million or 14.8%).
Out of the revenue collected in August 2022, USD 46.10 million constitutes the dollar collection.