{"id":3285,"date":"2022-05-08T13:37:18","date_gmt":"2022-05-08T08:37:18","guid":{"rendered":"https:\/\/mbt.mv\/?p=3285"},"modified":"2022-05-08T13:37:18","modified_gmt":"2022-05-08T08:37:18","slug":"state-revenues-up-by-45-3-in-2022-first-quarter","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=3285","title":{"rendered":"State revenues up by 45.3% in 2022 first quarter"},"content":{"rendered":"<p>State revenues increased by 45.3% in the first quarter of 2022, reaching a total of MVR6.01 billion according to Maldives Inland Revenue Authority (MIRA).<\/p>\n<p>The revenue earned to the state during the review quarter had also observed a marked increment of 31.9% when compared with initial projection.<\/p>\n<p>According to MIRA, the significant bump up in revenues was mainly due to the observed increment in the collections of TGST, Tourism Land Rent, GGST, Green Tax, Departure Tax and Airport Development Fee for the quarter.<\/p>\n<p>Furthermore, revenue collection from Income Tax had significantly increased in the review quarter.<\/p>\n<p>The total tax revenue collected for the review quarter stood at MVR4.82 billion, which is a 41.7% increase from the corresponding quarter in 2021. Additionally, the total tax revenue collection marked an increment of 37.7% from initial projection.<\/p>\n<p>On the other hand, state collected a total of MVR1.19 billion in non-tax revenues for the review quarter, which is a staggering 62.0% increase when compared with the corresponding quarter in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State revenues increased by 45.3% in the first quarter of 2022, reaching a total of MVR6.01 billion according to Maldives Inland Revenue Authority (MIRA). The revenue earned to the state during the review quarter had also observed a marked increment of 31.9% when compared with initial projection. According to MIRA, the significant bump up in<\/p>\n","protected":false},"author":4,"featured_media":2564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2424,2428],"tags":[1310,1502,1727,1981,2038,2039],"class_list":{"0":"post-3285","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-public-sector","9":"tag-maldives-inland-revenue-authority","10":"tag-mira","11":"tag-public-finance","12":"tag-state-revenue","13":"tag-tax-revenue","14":"tag-taxation"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>State revenues up by 45.3% in 2022 first quarter - 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=3285\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State revenues up by 45.3% in 2022 first quarter - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"State revenues increased by 45.3% in the first quarter of 2022, reaching a total of MVR6.01 billion according to Maldives Inland Revenue Authority (MIRA). The revenue earned to the state during the review quarter had also observed a marked increment of 31.9% when compared with initial projection. According to MIRA, the significant bump up in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=3285\" \/>\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=\"2022-05-08T08:37:18+00:00\" \/>\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=3285#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=3285\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"State revenues up by 45.3% in 2022 first quarter\",\"datePublished\":\"2022-05-08T08:37:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=3285\"},\"wordCount\":165,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=3285#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Maldives Inland Revenue Authority\",\"MIRA\",\"Public Finance\",\"State Revenue\",\"Tax Revenue\",\"taxation\"],\"articleSection\":[\"FINANCE\",\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=3285#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=3285\",\"url\":\"https:\/\/mbt.mv\/?p=3285\",\"name\":\"State revenues up by 45.3% in 2022 first quarter - 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