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Income Tax

law_policy

Tracked since 2023-09-13

Mentions

Connections

0.70

Salience

Events

2024-09-30

Last Mention

tax imposed on individuals or entities (taxpayers) that varies with respective income or profits (taxable income)

Income tax is a tax on corporate and individual income in the Maldives, collected by the Maldives Inland Revenue Authority (MIRA). It contributed significant revenue, including MVR 1.6 billion in January 2024 and US$54 million by November 2024.

Role revenue source

Affiliation Maldives Inland Revenue Authority (MIRA)

Location Maldives

Network

Often Mentioned With

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Green Tax 4

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Departure Tax 3

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Maldives Inland Revenue Authority 3

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Maldives 2

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Airport development fees 2

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Goods and Services Tax 1

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Airport Development Fee 1

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Tourism Goods and Services Tax 1

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Work permit fees 1

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Bank Profit Tax 1

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State Electric Company 1

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Tourism leases 1

Topics

MIRA revenue tax collection fiscal US dollar revenue August

Covered By

Maldives Republic 4

Sentiment

😐 Neutral

50%

🌿 Positive

50%

Activity Timeline

4 events

Article Claim Quote

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MIRA Collects MVR 639 Million in Revenue; Receivables Exceed MVR 10 Billion

2024-09-30

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

2024-02-13

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State’s US Dollar Earnings Jump 12%

2023-12-16

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State Revenue for August Stands at MVR 1.6 Billion: MIRA

2023-09-13