MIRA collected MVR 1.35 billion in July 2016

Maldives Inland Revenue Authority (MIRA) reveals that the earnings for this July has increased by 9.4 percent compared to the same period last year.

MIRA statistics show that last month, the Authority received MVR 1.35 billion last month. In total the Authority raked in MVR 9.28 billion so far this year. This, however, falls short of expected earnings, as much as by about 32 percent and a drop of 17.2 percent compared to last year earnings.

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MIRA attributed the changes to a revision in the time period granted for submission of second quarter GST, GST and Green Tax returns for June. Additionally, the first interim BPT payment deadline of July 31 fell on a public holiday, after which MIRA extended the deadline to August 1.

MIRA statistics show that BPT accounted for highest share of earnings with 53.7 percent. The statistics also the Authority raked in US$ 37.2 million as dollar earnings.

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