March revenue falls 8.2% below forecasts
Maldives revenues fell 8.2 percent below forecasts in March because of non-payment of taxes and a drop in tourist arrivals, the Maldives Inland Revenue Authority has said.
14 Apr 2016, 9:00 AM
Maldives revenues fell 8.2 percent below forecasts in March because of non-payment of taxes and a drop in tourist arrivals, the Maldives Inland Revenue Authority has said.
MIRA collected MVR1.10billion (US$71million) last month, a 13.7 percent drop as compared to the same month last year. In its monthly revenue report, MIRA said 32 taxpayers did not pay their tourism land rent payment.
Tourist arrivals meanwhile were 1.9percent lower than expected, resulting in a lower than expected tourism related revenues.
The tourism ministry has not published statistics on tourist arrivals for March yet.
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