The Maldives Inland Revenue Authority (MIRA) has told newspaper Miadhu that it has collected US$5.5 million in Tourism Goods and Services Tax following its introduction at the start of the year.
MIRA Director Fathmath Rasheeda told Miadhu that 85 percent of tourist business had still yet to pay the T-GST.
According to MIRA, 1277 tourist businesses run by 805 parties are required to pay the new T-GST.
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Finance should be reported along with the expected figures, ie: expected revenue figures made during the budgeting process.
If you got $5.5m out of expected $5.6m or similar as year to date, then ok,
But if you only got $5.5m out of $15.0m then there is a major problem.