An staggering 89 percent decline in the amount of funds received as Green Tax has been recorded
An staggering 89 percent decline in the amount of funds received as Green Tax has been recorded.
Statistics published by the Finance Ministry show MVR 7.9 million was deposited into the Green Fund during May this year. MVR 77.6 million was deposited during the same period last year.
According to the report, no funds were received as Green Tax from six atolls; being Shaviyani, Meem, Thaa, Laam and Gaaf Dhaal atolls. The largest amount was received from Kaafu atoll, the atoll which has the large number of resorts and guesthouses. While MVR 3 million was received from the capital atoll, MVR 1.4 million was received from Baa atoll. Gaaf Alif atoll contributed MVR 609,085.44.