Government earns a record amount of revenue in July 2019

According to the statistics of Maldives Inland Revenue Authority (MIRA), a record amount of revenue was earned in July 2019.

The statistics of MIRA shows that MIRA earned a revenue of MVR 2.16 billion in July. Moreover, statistics shows that, July was the only month in which MIRA earned a huge amount of revenue compared to the first 6 months of 2019.

- Advertisement -

MIRA says that the revenue got high due to the increase of income from GTST, Green Tax and Bank Profit Tax.

MIRA stated that the highest revenue was from GPT. A revenue of MVR 873.7 million, which is 40.5% of the total revenue.

However, MIRA also stated that the revenue earned in July is 1.3% less than the revenue they expected. The reason was the revenue they earned from BPT and GST was less.

A revenue of $50.56 million was earned in July 2019, which is a 6.3% higher amount earned in July 2018.

During the first 6 months of 2019 government earned a revenue of MVR 11.07 billion through MIRA.

- Advertisement -