State’s cumulative tax revenue has reached MVR16,953.0 million (MVR16.95 billion) as of 17th November 2022. On the other hand, cumulative non-tax revenue has reached MVR6,568.7 million (MVR6.6 billion) by the review date.
The two revenue components combined gives a cumulative revenue total of MVR23,695.8 million (MVR23.7 billion) as of review date.
For the same period in 2021, the cumulative tax revenue had reached MVR12,370.3 million (MVR12.4 billion). Meanwhile, cumulative non-tax revenue total for the same period last year stood at MVR4,778.7 million (MVR4.8 billion).
Major Tax Revenues
- Goods and Services Tax (GST): MVR8,195.1 million (MVR8.2 billion)
- Business and Property Tax: MVR4,096.2 million (MVR4.1 billion)
- Import Duties: MVR2,997.3 million (MVR2.99 billion)
- Green Tax: MVR831.4 million
- Airport Service Charges: MVR704.6 million
Further Breakdown of Major Tax Revenues
GST
- Tourism Goods and Services Tax (TGST): MVR5,513.9 million (MVR5.5 billion)
- General Goods and Services Tax (GGST): MVR2,681.2 million (MVR2.7 billion)
Business and Property Tax
- Business Profit Tax (BPT): MVR2,085.5 million (MVR2.1 billion)
- Withholding Tax: MVR807.6 million
- Individual Income Tax: MVR298.2 million
- Other Business and Property Taxes: MVR904.9 million
Major Non-tax Revenues
- Fees and Charges: MVR2,455.9 million (MVR2.5 billion)
- Property Income: MVR1,822.0 million (MVR1.8 billion)
- Interest, Profit and Dividends: MVR961.8 million
- Registration and License Fees: MVR716.0 million
Further Breakdown of Major Non-tax Revenues
Fees and Charges
- Airport Development Fee: MVR720.4 million
- Residential Permit: MVR9.8 million
- Other Fees and Charges: MVR1,725.7 million
Property Income
- Rent from Resorts: MVR1,531.1 million (MVR1.5 billion)
- Land Acquisition and Conversion Fee: MVR158.7 million
- Other Rent and Property Income: MVR132.2 million
Interest, Profit and Dividends
- SOE Dividends: MVR597.8 million
- Interest and Profits: MVR364.0 million