Monday, August 13, 2012

State receives USD16.1 million via MIRA in July

Statistics have revealed that the state has received USD16.1 million through Maldives Inland Revenue Authority (MIRA) last month. The monthly statistical report by MIRA shows that 30 percent of the sum came from Goods and Services Tax (GST) and 29.6 percent of the income came from tourism land rent and lease.

Income earned through tourism tax accounts for 18.6 percent. Airport service charge accounted for 8.7 percent while business profit tax accounted for 8.1 percent of the income. Other means of income accounted for 2 percent of the total income last month.

MIRA statistics show that USD5.3 million was received through GST while land leased for tourism purposes account for USD4.8 million while USD3 million was received as tourism tax. The statistics also show that USD1.4 million was received as airport service charge.

The income received by MIRA through Maldivian currency and US dollars were up 19.3 percent more than the expected income within the month. Statistics show that the total income received last month was MVR 635.9 million, which is 46.6 percent more compared to last year.
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