News In Brief

US$5.5 million in GST collected so far: revenue authority

23 Feb 2011, 1:22 PM

Minivan News

The Maldives Inland Revenue Authority (MIRA) has told newspaper Miadhu that it has collected US$5.5 million in Tourism Goods and Services Tax following its introduction at the start of the year.

MIRA Director Fathmath Rasheeda told Miadhu that 85 percent of tourist business had still yet to pay the T-GST.

According to MIRA, 1277 tourist businesses run by 805 parties are required to pay the new T-GST.