Maldives Inland Revenue Authority (MIRA) has recorded an income of USD 260 million during the second quarter of this year. The amount is as an increase of 14.1% compared to the same amount last year and an increase of 6.7% compared to the projected amount.
The quarterly revenue exceeded the forecast due to the increment in Business Profit Tax (BPT), Tourism Goods and Services Tax (TGST) and Airport Service Charge, according to MIRA.
From April to June 2019, the highest number of revenue was collected from GST, which contributed to 51% of the total revenue recorded during the period. Statistics show USD 133 million were received as GST in the second quarter and USD 33.3 million as BPT which contributed to the second most percentage in the revenue.
The increment in dollar collection in the second quarter in comparison with the same period of last year was due the increment in TGST, Green Tax and Tourism Land Rent.