Tourism generated MVR 14.3 billion in government revenue from January to 22 October this year, with taxes accounting for the largest share at MVR 10.65 billion, including MVR 8.87 billion in TGST and MVR 1.77 billion in green tax. The Ministry of Finance and Public Enterprises data also show overall government revenue increased against the same period last year, largely driven by higher tourism collections.
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The tourism industry has generated MVR 14.3 billion in Government revenue from January to 22 October this year, with taxes making up the largest share of collections.
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Tourism Goods and Services Tax (TGST) contributed MVR 8.87 billion, and green tax collections came to MVR 1.77 billion.
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the Government received MVR 1.69 billion in airport development fees between January and 22 October.
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Figures released by the Ministry of Finance and Public Enterprises show that the Government collected MVR 10.65 billion in tourism-related taxes over the period.
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