Malé, Maldives — The Finance Ministry of Maldives has revealed that only MVR 3.9 million was collected as Green Tax revenue for the month of June.
According to the ‘Green Fund’ report published by the Finance Ministry, the revenue generated from Green Tax has declined drastically due to the reduced amount of tourist arrivals as a result of the ongoing Covid-19 pandemic.
The reports show that while MVR 56 million was collected as Green Tax revenue on June 2019, only MVR 3.9 million was collected as Green Tax revenue during the same period this year.
The Green Fund report also reveals that majority of the income of Green Tax was received from the tourism facilities in the greater Malé region. While MVR 1.7 million was collected from guest houses, liveaboards and hotels in Male’ atoll, the guest houses contributed the most recieving up to MVR 143,398.32 out of the total amount collected. While no Green Tax was collected from hotels, MVR 1.5 million was collected from the resorts of Maldives.
Furthermore, the reports also disclosed that no Green Tax was collected from Ha., S., Th., L., Ga., and Gn atolls. A total of MVR 195,953.16 was collected as green tax from liveaboards.
According to the Finance Ministry, during the period, there was an expenditure of MVR 41 million utilized from the green fund. While a balance of MVR 918 million is available from the fund, a total of MVR 148 million has been used from the fund thus far.