Maldives Inland Revenue Authority (MIRA) has recorded a 133.5% increment in revenue collection for September 2021 compared to the same month last year. MIRA received USD 128 million as revenue in September, according to statistics.
According to statistics, Income Tax followed by Goods and Services Tax (GST) contributed the highest for the revenue collection. As such, over USD 48 million were collected as Income Tax, and over USD 35 million were collected as GST. Meanwhile, MIRA collected USD 26 million as Tourist Land Rent, USD 4.68 million as Green Tax, USD 3.43 million as Airport Development Fee (ADF), and USD 9.6 million as other taxes and fees.
MIRA revealed revenue collected in September increased by 8.6% compared to the projection for the month. Revenue of September is higher than the same month of last year due to the increment in the collection of Income Tax, Tourism Land Rent, Tourism Goods and Services Tax (T-GST), General Goods and Services Tax (G-GST), Green Tax and Airport Taxes and Fees, stated MIRA.
MIRA also stated receipt from Tourism Land Rent shows a significant increase since the deadline of Tourism Land Rent for the fourth quarter of last year was deferred but the payments were received according to the schedule this year.