The Maldives state received US$851 million in US dollar revenue as of November 2023, a 12 percent rise over the same period a year earlier, according to MIRA records. Tourism Goods and Services Tax was the largest source at US$518 million, while tourism lease revenue declined to US$90 million from US$101 million in 2022.
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The state has received, as US dollar revenue, US$851 million, or the equivalent of MVR 13 billion, in revenue as of November this year, according to records released by the Maldives Inland Revenue Authority (MIRA).
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The state has received, as US dollar revenue, US$851 million, or the equivalent of MVR 13 billion, in revenue as of November this year, according to records released by the Maldives Inland Revenue Authority (MIRA).
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Revenue in US dollars increased by 12 percent over the same period last year, the state's revenue collection agency said.
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The state had earned US$758 million (MVR 11.9 billion) over the same period last year.
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Tourism Goods and Services Tax (TGST) was the highest source of US dollar revenue as of last month, having contributed US$518 million (MVR 7.98 billion) as of November.
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TGST collection stood at US$390 million (MVR 6 billion) over the same period last year.
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Tourism lease revenue declined this year compared to last year contributing US$90 million (MVR 1.4 billion) this year.
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Earlier reports gave MVR 51 million 13 Sep, 21:21 Maldives Republic
Lease payments in 2022 contributed US$101 million (MVR 1.6 billion).
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Green tax collections stood at US$59 million (MVR 909.8 million) versus US$58 million (MVR 894.4 million) over the same period last year.
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Earlier reports gave MVR 92 million 11 Nov, 16:40 Maldives Republic
Green tax collections stood at US$59 million (MVR 909.8 million) versus US$58 million (MVR 894.4 million) over the same period last year.
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