MIRA collected MVR 3.40 billion as revenue in January 2023. This is an increase of 43.1% compared to the same period last year. And an increase of 43.6% compared to the forecasted amount for January 2023.
Revenue of January 2023 is higher than January 2022, mainly due to the increment in collection of GST, Corporate Income Tax, Airport Taxes and Fees, Tourism Land Rent and Green Tax. Tourist arrivals of December 2022 is higher than December 2021 by 12.0%, which led to the increment in tourism related revenues.
In January 2023, GST accounted for the largest share of revenue received by MIRA. That is 47.7% or MVR 1.62 billion. The next largest revenue was from Income Tax. Which is 38.1% or MVR 1.30 billion. In addition, Green Tax amounted to MVR 100.79 million (3.0%), Tourism Land Rent MVR 94.04 million (2.8%), Airport Development Fee MVR 89.60 million (2.6%) and other taxes and fees MVR 198.63 million (5.8%).
Out of the revenue collected in January 2023, USD 112.80 million constitutes the dollar collection.
Related documents: https://www.mira.gov.mv/Files/GetFile/90f3b902-a563-4a42-986c-52db2016d778