Maldives tax receipts soar in February
The tax authority reported an extraordinary increase of 66.1percent in February revenues, off the back of an increase in tourist arrivals in January. Total income reached MVR1.5billion (US$97million).
14 Mar 2016, 9:00 AM
The tax authority reported an extraordinary increase of 66.1percent in February revenues, off the back of an increase in tourist arrivals in January. Total income reached MVR1.5billion (US$97million).
Increments in green tax, land acquisition fees and GST contributed to higher than expected receipts last month, the Maldives Inland Revenue Authority said.
MIRA collected US$30.8million in land acquisition fees, US$18.1million in tourism lease extension fees and US$24.1million in TGST. US$3million was collected as green tax, which was imposed in November last year.
Tourist arrivals had increased by 11 percent in January when compared to last year.
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