Maldives tax receipts rise for Q1
The majority of GST collected – 68 percent – was from the tourism sector which represents a 17.4 percent increase from last year.
03 May 2018, 9:00 AM
The Maldives Inland Revenue Authority collected MVR4.99 billion (US$318.4 million) in the first quarter of 2018, an increase of 18 percent compared to the same period last year.
It surpassed the projected increase by 9.5 percent, said the quarterly report published Wednesday.
GST contributed 48.3 percent of the total revenue from January to March, followed by 22.2 percent from business profit tax.
The majority of GST collected – 68 percent – was from the tourism sector which represents a 17.4 percent increase from last year.
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