The Maldives Inland Revenue Authority (MIRA) collected a total revenue of MVR 2.80 billion in February this year. Although this figure represents a marginal decrease of 0.8% compared to the same period last year, the total includes a foreign currency collection of USD 126.85 million.
The slight decline in revenue is primarily attributed to a reduction in receipts from resort lease extension fees and airport charges. Additionally, the intersection of tax deadlines with public holidays led to the postponement of several filing dates, impacting the monthly figures.
Goods and Services Tax (GST) remained the most significant source of income, contributing MVR 1.4 billion to the total. Furthermore, MIRA’s proactive debt recovery efforts proved successful, yielding MVR 666 million in outstanding payments during the month.
