#Maldives: September revenue collection 2% less than forecast, 48% of revenue comes from Tourism - MIRA
#Maldives: September revenue collection is 2% less than forecast, announced Maldives Inland Revenue Authorty yesterday. In a fact sheet publicized yesterday, MIRA reported that revenue collection in Maldivian Rufiya for September totalled 6.6.3 million and 29.2 million in dollars. This was an increase of 16% over September 2011, but a decrease of 2% from the projected value. Tourism land rent contributed 36.4% to total revenue, while Goods and Services Tax contributed 28.6%. Business Profit Tax contributed 12.3%, Tourism Tax 11.3% and Airport Service Charge 4.3%. Over 50% of US dollar revenue was from Tourism Land Rent while Tourism Tax contributed 15.6%, thus making it 65.7% YS dollar revenu directly from the Tourism industry. These figures is brings into sharp focus the high dependence of Maldives on the tourism industry, and industry now being threatened by former President Mohamed Nasheed and his friends overseas.Mohamed Nasheed has consistently carried out campaigns over...