Record revenue of MVR 2.2 billion in Jan: MIRA

People pictured at MIRA’s service counters.

Tax payers at MIRAMaldives Inland Revenue Authority (MIRA) earned a revenue of MVR 2.2 billion for the month of January, marking the highest amount recorded in one month.

According to MIRA’s statistics, the record is an increase of 27.2 percent from January 2016 and 26.1 percent higher than the estimated revenue for the previous month.

MIRA attributed the revenue spike to increased incomes via Business Profit Tax (BPT) and Tourism Land Rent fees.

The highest revenue was brought in from BPT with MVR 943.8 million (43.2 percent), followed by Goods and Services Tax (GST) at MVR 742.64 million (34 percent).

The authority’s dollar revenue last month stands at USD 66.5 million.

Source URL: Mihaaru-Business

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