The state has received, as US dollar revenue, US$851 million, or the equivalent of MVR 13 billion, in revenue as of November this year, according to records released by the Maldives Inland Revenue Authority (MIRA). Revenue in US dollars increased by 12 percent over the same period last year, the state’s revenue collection agency said.
The state had earned US$758 million (MVR 11.9 billion) over the same period last year.
Tourism Goods and Services Tax (TGST) was the highest source of US dollar revenue as of last month, having contributed US$518 million (MVR 7.98 billion) as of November. TGST collection stood at US$390 million (MVR 6 billion) over the same period last year.
Tourism lease revenue declined this year compared to last year contributing US$90 million (MVR 1.4 billion) this year. Lease payments in 2022 contributed US$101 million (MVR 1.6 billion).
Green tax collections stood at US$59 million (MVR 909.8 million) versus US$58 million (MVR 894.4 million) over the same period last year.
In addition, airport development fees stood at US$59 million (MVR 909.8 million), departure tax at US$58 million (MVR 894.4 million), and income tax at US$54 million (MVR 832.7 million).