October dollar revenue for MIRA down by 30 percent

The US dollar revenue for Maldives Inland Revenue Authority (MIRA) in October has gone down considerably when compared with the previous month. 

Statistics published by MIRA show that it had earned USD 4.68 million. This is a reduction of USD 2.06 million or 30 percent when compared with September where the authority received USD 6.74 million. 

In August, MIRA earned MVR 21.67 million as US dollars. August was the highest month in terms of earnings by MIRA since the pandemic hit the nation. 

Around 70 percent of the dollar earnings (USD 3.3 million) came as TGST or tourism goods and services tax. 12 percent of the income (USD 568,554) was as Green Tax while 5.6 percent (USD 260,653) was as airport development fees. 

Around 5.5 percent (USD 257,884) of the income was as airport service charges while 3.9 percent (USD 182,151) was received as BPT. 

MIRA attributed to the reduced revenue to the stagnated tourism industry. Compared with the third-quarter earnings of last year, MIRA saw a decline of 75.9 percent in terms of dollar revenue.