Tax authority collects MVR986 million in November
GST accounted for 65 percent of revenue during November.
11 Dec 2018, 9:00 AM
The Maldives Inland Revenue Authority collected MVR985.8 million (US$64 million) during November, up 5.3 percent from the same period last year.
Receipts from the goods and services tax, green tax and tourism land rent exceeded forecasts. GST accounted for 65 percent of revenue during November, followed by green tax (6.8 percent), business profit tax (5.8 percent) and airport development fee (5.4 percent).
Reflecting the growth of tourist arrivals during the year, MVR4.3 billion has been collected as T-GST from January to November, up from MVR3.7 billion in 2017.
Despite a 0.5 percent dip in October, a record 1.2 million tourists visited the Maldives during the first 10 months of the year, an annual increase of 7.3 percent.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
