The dollar revenue of the month of October for Maldives Inland Revenue Authority (MIRA) has decreased considerably compared to the previous month.
Statistics published by MIRA on last Monday reveal that the authority earned USD 4.68 million. This is a reduction of USD 2.06 million in comparison of the month of September where the authority received USD 6.74 million.
In August, MIRA earned 21.67 million as US dollars. August marks the highest month of earnings by MIRA since the pandemic hit the country.
70 per cent of the earnings for October is from tourism goods and services tax or TGST. 5.6 per cent (USD 260,653) of the income was as airport development fees while 12 per cent (USD 568,554) came as Green Tax.
MIRA received 3.9 per cent (USD 182,151) as BPT while 5.5 per cent (USD 257,884) was as airport service charges.
Compared with the third-quarter earnings of 2019, MIRA saw a decline of dollar revenue by 75.9 per cent. The Maldivian tax administration accredited the reduced revenue to the stagnated tourism industry due to the pandemic.
Full details are available at the link below:
