BM · AmericasMV · Asia
Bermuda vs Maldives: tax rates compared
Between the two, Maldives's income tax rate (15%) tops Bermuda's (0%) by 15pp. The 200-country average is 28%: both sit below it. Bermuda's figure is dated 2026-02-19 and Maldives's 2020-01-01, so the two rates come from different data vintages.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BM | MV | Difference |
|---|---|---|---|
| Income Tax | 0% | 15% | MV +15 pplargest gap |
| Corporate Tax | 0% | 15% | MV +15 pp |
| VAT | 0% | 8% | MV +8 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PWC Worldwide Tax Summaries — Bermuda (Individual, Taxes on personal income) · as of 2026-02-19 |
| Maldives | 15% | Source: Maldives Inland Revenue Authority (MIRA) — Individuals, Overview · as of 2020-01-01 |
| Difference | −15 pp | Maldives higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Maldives | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −15 pp | Maldives higher |
Between the two, Maldives's corporate tax rate (15%) tops Bermuda's (0%) by 15pp. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PWC Worldwide Tax Summaries — Bermuda (Corporate, Other taxes) · as of 2026-02-19 |
| Maldives | 8% | Source: Maldives Inland Revenue Authority (MIRA) — Goods and Services Tax (GST) Overview · as of 2023-01-01 |
| Difference | −8 pp | Maldives higher |
Between the two, Maldives's VAT rate (8%) tops Bermuda's (0%) by 8pp. The 181-country average is 15%: both sit below it. Bermuda's figure is dated 2026-02-19 and Maldives's 2023-01-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Bermuda | 0% | Source: PWC Worldwide Tax Summaries — Bermuda (Net wealth/worth tax rates) · as of 2026-02-19 |
| Maldives | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 (content current as of 1 October 2025, published February 2026) — Maldives chapter · as of 2025-10-01 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Bermuda and Maldives both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Bermuda's figure is dated 2026-02-19 and Maldives's 2025-10-01, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.