State revenue reaches MVR 11.1 billion
Income generated from tax reaches MVR 7.9 billion
Ministry of Finance revealed that the state has received MVR 11.1 billion as revenue, so far this year
Ministry of Finance revealed that the state has received MVR 11.1 billion as revenue, so far this year.
Statistics revealed by the Ministry of Finance show that the state had earned MVR 11.1 billion by 26th May 2022, compared to MVR 8.3 billion received as revenue during the same period last year.
The Ministry's statistics show that income generated from tax has reached MVR 7.9 billion. As such, the state received MVR 1.2 billion as General Goods and Services Tax and MVR 3.4 billion as Tourism Goods and Services Tax. Moreover, MVR 1.3 billion was generated as Business and Property Tax.
While the sate earned MVR 1.2 billion as Import Duties, statistics show that MVR 328.4 million was earned as Airport Service Charge.
The state received MVR 3.2 billion as Non-Tax Revenue, according to the Finance Ministry.
Statistics show that Maldivian state received MVR 6.9 million as capital receipts and MVR 169 million as Grants, so far this year.
