According to the statistics released by Maldives Inland Revenue Authority MIRA, the government has received a record high income from different taxes during the month of July.
With MVR 2.16 billion received, MIRA stated that this is the highest they have collected in a month over the past 6 months of the year. Previously the record high was at MVR 2.1 billion during January which is MVR 35.4 million less than that of July. On average MIRA collects only about a billion in revenue every month.
MIRA’s statistic report highlighted this spoke in revenue due to the increase in amount received via TGST, Green Tax and Bank Profit Tax.
Government income has slowly been increasing over the past 6 months. With MVR 11.07 billion collected during this period, compared to the MVR 10.6 billion collected over the same time frame during last year. This steady growth has boosted the economy in many different sectors.