Business Governance

Government earns a record amount of revenue in July 2019

According to the statistics of Maldives Inland Revenue Authority (MIRA), a record amount of revenue was earned in July 2019.

The statistics of MIRA shows that MIRA earned revenue of MVR 2.16 billion in July. Moreover, statistics show that July was the only month in which MIRA earned a huge amount of revenue compared to the first 6 months of 2019.

MIRA says that the revenue got high due to the increase of income from GTST, Green Tax and Bank Profit Tax.

MIRA stated that the highest revenue was from GPT. A revenue of MVR 873.7 million, which is 40.5% of the total revenue.

However, MIRA also stated that the revenue earned in July is 1.3% less than the revenue they expected. The reason was the revenue they earned from BPT and GST was less.

Revenue of $50.56 million was earned in July 2019, which is a 6.3% higher amount earned in July 2018.

During the first 6 months of 2019, the government earned revenue of MVR 11.07 billion through MIRA.

Full details are available at the link below:

Source URL: Corporate Maldives

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