MIRA reported that state revenue in May 2024 fell 4.8 percent compared to May 2023, dropping from MVR 1.74 billion to MVR 1.66 billion, due to lower corporate income tax, GST and airport tax payments. Revenue in May was nonetheless 0.8 percent higher than projected.
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.
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There was a 4.8 percent drop in state revenue in May 2024 compared to the same period last year, data by the Maldives Inland Revenue Authority (MIRA) has revealed.
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While MIRA collections in May 2023 stood at MVR 1.74 billion, collections in the same period this year stood at MVR 1.66 billion.
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While MIRA collections in May 2023 stood at MVR 1.74 billion, collections in the same period this year stood at MVR 1.66 billion.
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Revenue in May was, however, 0.8 percent higher than expected, MIRA said.
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