MIRA Dollar Revenue Up 6% to $1.3 Billion in First Ten Months

Dollar revenue collected by the Maldives Inland Revenue Authority (MIRA) has increased by 6% in the first ten months of this year, according to revenue statistics for last month published by MIRA. Dollar revenue had reached 1.3 billion dollars by the end of last month, an increase of 74 million dollars compared with the same period last year, when 1.2 billion dollars was received. According to the statistics, the largest share of dollar revenue came from TGST, the tax levied on the tourism sector. TGST accounts for 48% of dollar revenue, amounting to 622.5 million dollars. The next largest sources of dollar revenue were Corporate Income Tax with 149.2 million dollars, Green Tax with 124.6 million dollars, resort land rent with 110.7 million dollars and the Airport Development Fee (ADF) with 110.1 million dollars. Last month alone, 96.2 million dollars was received through MIRA, an increase of 10.29 million dollars, or 11.97%, compared with the same period last year.