Dollar revenue plummets by 78 percent

Statistics released by the Maldives Inland Revenue Authority (MIRA) have shown that the dollar revenue collected by the authority this November is 78 percent less compared to the same period last year.

According to the numbers, USD 11 million was collected as revenue this November while USD 51 million was collected during November 2019.

USD 8 million was received as Tourist GST this November, compared to USD 27 million collected last year. This is a decrease of 68 percent in amount collected as TGST. While USD four million was collected in November last year as Green Tax, USD 1 million was collected this November.

A revenue of USD 457,467 was collected this November as Airport Service Charge, compared to USD 4 million collected in November 2019. While USD 4 million was also collected as Airport Development Fee (ADF) last November, the amount collected this year is significantly lower with USD 463,323.

The Maldives closed its borders to tourists earlier in July as a precautionary measure against COVID-19. The number of tourists visiting the country has been picking up steadily since border reopening in July. While over 500,000 tourists have visited the country thus far this year, over 42,000 tourists visited the tourism dependent archipelago in November.