Business

MVR 2.13 Billion received by the Government as January Tax

The government of Maldives has received an amount of 2.13 billion as the tax in January 2019 which is an increase of 2.2% tax rate compared to previous years.

The rise of January statistics released by the Maldives Inland Revenue Authority (MIRA) notes that due to a 5.4% growth in the Maldives tourist arrival rate in the Maldives and an increase in the leasing period extension fee works has conveyed to the rise of tax.

Under Business profit tax (BPT) in January, an income rate of MVR 88.56 million has been generated. The next highest income has been collected through GST, a sum of MVR 799.2 Million which is 37.5% of January’s income rate. Additionally, MVR 78.26 Million has also been accumulated through Green Tax and lease period extension fee is added up to MVR 799.2 Million, whilst the airport development fee came up to MVR 59.62 Million and other tax fees included an MVR of 235.48 Million. Moreover, 67. 8 Million American Dollars was received in the month of January.

Full details are available at the link below:

Source URL: Corporate Maldives

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