Maldives Inland Revenue Authority (MIRA) has revealed the revenue received by the state last month had decreased.
The latest statistics published by MIRA showed the state received USD 56 million in August, which is a decrease of 14.8 percent compared to the same month in 2018. The amount is also a reduction of 3.4 percent from the estimated amount to be received by the state.
MIRA attributes the reduction in revenues to lower Goods and Services Tax (GST) received by the state. However, MIRA received over USD 31,289 million as GST, which is 55.8 percent of the total revenue received by the state in August 2019. The state received a further USD 7.448 million as Business Profit Tax (BPT), which is 13.3 percent of the total revenue received last month.
MIRA also received USD 4.676 million as Green Tax, USD 3.442 million as Airport Development Fee, USD 3.377 million as Airport Service Charge and USD 5.715 million as other charges and fees.