Maldives tax revenues jump 41% in June
The rise comes from a June deadline to settle taxes.
10 Jul 2018, 9:00 AM
Tax revenue collection in the Maldives jumped 41 percent in June compared to the same period last year, figures published Monday show.
The Maldives Inland Revenue Authority collected MVR1.3 billion (US$84.3 million), representing an 18.5 percent rise from the forecast figure.
MIRA attributed the increase to a June deadline for settling taxes.
“The increment against June 2017 is due to the fact that in 2017 all tax deadlines were extended to July 2017 on the occasion of Eid al-fitr, while no such extensions were granted in June 2018,” it said.
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