The quarterly revenue collection of Maldives Inland Revenue Authority (MIRA) increases by 5.4% last quarter compared to the last quarter of 2017. The quarterly revenue yield sums up to a total of 3.45 billion in the last quarter of 2018.
This outcome is led by the increased collection of Building Tax, Construction GST, Green Tax, Withholding Tax and Airport Development Fee as per MIRA. In addition to this, revenue collection from BGST, Land Acquisition and Conversion Fee, Construction Period Extension Fee had also been more than what was surmised.
The quarterly revenue of 3.45 billion includes both taxes and other sources of income. The revenue from taxes corresponds to a total of 2.51 billion. This is a total increase of 7.9% of the returns compared to the earnings in the last quarter of 2017. The other sources of income are equivalent to a total of 0.95 billion while this is a decrease of 3.4% in profit in comparison with the income collected in the final quarter of 2017.
Full details are available at the link below:
Source URL: Corporate Maldives