News tax collection / MIRA Maldives Impact 7.0/10 1 min read

State Revenue at MVR 3.6 Billion for January; 12.2% Higher Than Forecasts

The Maldives Inland Revenue Authority (MIRA) collected MVR 3.6 billion in January 2024, 5.7% higher than January 2023 and 12.2% above forecasts. Revenue was driven by corporate income tax, GST, and bank profit tax. Income tax contributed MVR 1.6 billion (46.6% of total), GST MVR 1.4 billion (39.3%), green tax MVR 99.6 million, airport development fee MVR 94.6 million, and departure tax MVR 92.2 million.

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Maldives Republic

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Feb 13, 2024

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The Maldives Inland Revenue Authority (MIRA) collected MVR 3.6 billion in January 2024, 5.7% higher than January 2023 and 12.2% above forecasts. Revenue was driven by corporate income tax, GST, and bank profit tax. Income tax contributed MVR 1.6 billion (46.6% of total), GST MVR 1.4 billion (39.3%), green tax MVR 99.6 million, airport development fee MVR 94.6 million, and departure tax MVR 92.2 million.

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Focus: State Revenue at MVR 3.6 Billion for January; 12.2% Higher Than Forecasts

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Maldives Republic

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