May 2024 Revenue Lower Than in 2023, Higher Than Projected: MIRA

Maldives Inland Revenue Authority (MIRA) reported that state revenue in May 2024 was MVR 1.66 billion, a 4.8% decline from MVR 1.74 billion in May 2023. The drop was attributed to lower corporate income tax, GST, and airport tax payments, as well as fewer airport passengers. However, revenue was 0.8% higher than projected.

Maldives Inland Revenue Authority (MIRA) reported that state revenue in May 2024 was MVR 1.66 billion, a 4.8% decline from MVR 1.74 billion in May 2023. The drop was attributed to lower corporate income tax, GST, and airport tax payments, as well as fewer airport passengers. However, revenue was 0.8% higher than projected.

Maldives Inland Revenue Authority (MIRA) reported that state revenue in May 2024 was MVR 1.66 billion, a 4.8% decline from MVR 1.74 billion in May 2023. The drop was attributed to lower corporate income tax, GST, and airport tax payments, as well as fewer airport passengers. However, revenue was 0.8% higher than projected.

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