Maldives Inland Revenue Authority (MIRA) received MVR 1.8 billion in revenue last month.
This figure is a 13.2 percent rise from the amount recorded in the same period last year, and exceeds November forecasts by 19.7 percent.
MIRA reported the primary reason for the increase in revenue to increased collection of land acquisition and transfer fees and lease period extension fees. The authority also attributed the increase to a hike in the number of tourists visiting the Maldives, which in turn increased the collection of airport tax and fees. Additionally, the GST revenue also contributed to the revenue boost.
In November, GST accounted for the largest share of revenue collected, with MVR 1.09 billion collected as GST. This possesses 57.9 percent of total revenue.
The next largest revenue source was land acquisition and transfer fees, at MVR 93.14 million. Airport development fees stood at MVR 92.79 million, and departure tax at MVR 91.45 million.
The revenue collection for November includes USD 88.17 million.
