Male’, Maldives -Maldives Inland Revenue Authority (MIRA) reveals that they have collected MVR 1.19 billion as revenue in June 2021, including all USD collections.
The monthly revenue collection report states that GST contributed to 44.6% of the revenue for June 2021, while 31.1% of the revenue was collected from Tourism Land Rent, 8.0% of revenue was from Income Tax, 5.0% from Green Tax, 2.6% from Airport Development Fee and the remaining 8.6% from other sources such as TGST, GGST and Airport Service Charges.
While MIRA informs that this is a 3.2% increase of the projected revenue for June 2021, this is also an increase of 362.2% in revenue compared to the same period last year.
According to MIRA, this is due to the increase in collection of Income Tax, TGST, GGST, Green Tax, Airport Development Fee, Airport Service Charges and Tourism Land Rent. Along with this, a steep decline in the tourism sector and the whole economy of Maldives was seen after the country went into lockdown in June 2020 leading to a very less collection of revenue in June 2020.