Maldives Inland Revenue Authority (MIRA) statistics shows
the receipt of more than Rf298 million in October this year. Statistics
published by the authority shows that each month the state collects millions of
Rufiyaa through MIRA. The revenue department receives money in the form of
rent, fine and tax, and until the end of October this year, the department has
collected Rf3.7 billion. This amount is an 80 percent increase compared to last
year.
Most of the money the revenue department receives comes from
travel and tourism, services or businesses related to tourism or T-GST. The
receipt from T-GST for the past ten months amounts to Rf 166 million. Apart
from T-GST, the largest amount of revenue is generated from tourism lease rent,
which amounted to Rf978 million for the past ten months.
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Written by: Ibrahim Nazim
16 November 2011, Wednesday
20 Thw al-Hijjah 1432
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