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State Revenue for August Stands at MVR 1.6 Billion: MIRA

MIRA reported that the Maldives collected MVR 1.6 billion in state revenue in August 2023, 7.7 percent below its estimate but 17.3 percent higher than the same period the previous year. GST was the largest revenue source at MVR 943 million, followed by income tax at MVR 189 million.

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Sources 1carried it 1 of 19 news outlets we monitor
Figures7as written, with their sentences

One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

How the reporting differs

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Figures in these reports

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  • 7.7 percent lower Variance from MIRA estimate Maldives Republic While the figure came in at 7.7 percent lower than the agency’s estimates, this was an increase of 17.3 percent over the same period last year.

    Word for word from the report in Maldives Republic. Open the report

  • 17.3 percent Year-on-year increase in revenue Maldives Republic While the figure came in at 7.7 percent lower than the agency’s estimates, this was an increase of 17.3 percent over the same period last year.

    Word for word from the report in Maldives Republic. Open the report

  • US$62 million Revenue collected in USD Maldives Republic Approximately US$62 million was collected in August, representing a 21 percent increase over the estimate, correlating to higher Goods and Services Tax (GST) receipts, resort lease payments, as well as airport taxes and other airport fees.

    Word for word from the report in Maldives Republic. Open the report

  • 21 percent Increase over estimate in USD terms Maldives Republic Approximately US$62 million was collected in August, representing a 21 percent increase over the estimate, correlating to higher Goods and Services Tax (GST) receipts, resort lease payments, as well as airport taxes and other airport fees.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 943 million GST revenue Maldives Republic GST accounted for the largest share of state revenue in August and stood at MVR 943 million, almost 60 percent, of total revenue.

    Word for word from the report in Maldives Republic. Open the report

  • almost 60 percent GST share of total revenue Maldives Republic GST accounted for the largest share of state revenue in August and stood at MVR 943 million, almost 60 percent, of total revenue.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 189 million Income tax collected Maldives Republic Income tax, amounting to MVR 189 million collected, was the second largest revenue source.

    Word for word from the report in Maldives Republic. Open the report

Subjects

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Public finance & tax

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Ibrahim H. Shihab