Business

Green Tax revenue up 22 percent

Revenue generated from the recently introduced Green Tax had recorded a 22 percent increase so far this year, inland revenue statistics have shown.

According to the statistics, Maldives Inland Revenue Authority (MIRA) had collected MVR395 million by May this year which is a 22 percent increase from the MVR321 million received in the corresponding period last year.

Green tax was introduced in October 2015 for tourists who stay in tourist resorts, tourist hotels, tourist vessels and guesthouses.

USD6 is payable per day of stay from tourist resorts, tourist hotels and tourist vessels while USD3 is payable by tourist guesthouses.

Maldivians and resident permit holders are exempt from the environmental tax.