State revenue increased 89 percent in 2011

The Maldivian State received Rf4.5 billion (US$290 million) in revenue last year through the Maldives Inland Revenue Authority (MIRA).

Revenue in 2011 increased by 89 percent compared to 2010’s revenue of Rf2.4 billion (US$155 million).

According to MIRA statistics, most revenue was received from the tourism industry.

Within the industry, resorts pay Rf752 million (US$48 million) as tourism tax, Rf666 million (US$43 million) as Tourism Goods and Services tax (T-GST) and Rf511 million (US$33 million) to extend a resort lease, Haveeru reports.

Airport Service Charge (ASC) raked in the second-highest revnue at Rf337 million (US$21 million).


One thought on “State revenue increased 89 percent in 2011”

  1. Congratulations, I would expect still more customs duties to be nullified to have a positive effect on the economy


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