Tax and import revenue grows in July
The tax authority collected US$136 million in July.
14 Aug 2018, 9:00 AM
Government revenue from taxes and tariffs increased in July.
A total of MVR2.1 billion (US$136 million) was collected by the Maldives Inland Revenue Authority, up two percent from July last year.
Business profit tax and goods and services tax accounted for 68 percent of total revenue, followed by bank profit tax (16.4 percent), tourism land rent (five percent) and green tax (two percent).
“The increment against July 2017 is due to the fact that in 2018, deadline for BPT final payment was extended to 1 July 2017 as the initial deadline fell to a public holiday,” the tax authority explained.
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