Male’, Maldives – Maldives Inland Revenue Authority has said that the authority had collected MVR 843.04 million (USD 6.74 million) in September as revenue.
According to the media release by MIRA this is 30.9 percent less than the amount which was collected in September of 2019 and that the lower income for the government is a result of lower revenue from tourism related income due to the impact on the tourism industry caused by the Covid-19 pandemic.
MIRA also said that in addition to the income from TGST and Green Tax being low, the extension of the due date for land rent from the tourism has further contributed to the decrease in the income.
The highest income source in September has been the income tax which contributed to 45.7 percent (MVR 385.57 million) of the total income for the government. The second highest contribution source to the revenue is from Goods and Services Tax (GST)which contributed a 25.8 percent (MVR 217.16 million). The remaining income is from Business Profit Tax (BPT), residential permit and from zakat-al-mal.