June 2024 Revenue Lower Than Projected But Higher Than June 2023

MIRA reported June 2024 revenue of MVR 2.05 billion, 28.8% lower than the annual forecast but 26.8% higher than June 2023. US dollar collections amounted to MVR 76.57 million. The shortfall was attributed to lower corporate income tax, bank profit tax, and tourism land rents. GST was the largest component at MVR 748 million, followed by income tax at MVR 629 million. First half 2024 revenue exceeded MVR 12.5 billion, up MVR 1.9 billion year-on-year.

MIRA reported June 2024 revenue of MVR 2.05 billion, 28.8% lower than the annual forecast but 26.8% higher than June 2023. US dollar collections amounted to MVR 76.57 million. The shortfall was attributed to lower corporate income tax, bank profit tax, and tourism land rents. GST was the largest component at MVR 748 million, followed by income tax at MVR 629 million. First half 2024 revenue exceeded MVR 12.5 billion, up MVR 1.9 billion year-on-year.

MIRA reported June 2024 revenue of MVR 2.05 billion, 28.8% lower than the annual forecast but 26.8% higher than June 2023. US dollar collections amounted to MVR 76.57 million. The shortfall was attributed to lower corporate income tax, bank profit tax, and tourism land rents. GST was the largest component at MVR 748 million, followed by income tax at MVR 629 million. First half 2024 revenue exceeded MVR 12.5 billion, up MVR 1.9 billion year-on-year.

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