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Grenada vs Maldives: tax rates compared
Between the two, Grenada's income tax rate (30%) tops Maldives's (15%) by 15pp. The 200-country average is 28%: Grenada sits above it, Maldives sits below it. Grenada's figure is dated 2026-07-20 and Maldives's 2020-01-01, so the two rates come from different data vintages.
Verified data covers three of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GD | MV | Difference |
|---|---|---|---|
| Income Tax | 30% | 15% | GD +15 pplargest gap |
| Corporate Tax | 28% | 15% | GD +13 pp |
| VAT | 15% | 8% | GD +7 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| Maldives | 15% | Source: Maldives Inland Revenue Authority (MIRA) — Individuals, Overview · as of 2020-01-01 |
| Difference | +15 pp | Grenada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | 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 | +13 pp | Grenada higher |
Between the two, Grenada's corporate tax rate (28%) tops Maldives's (15%) by 13pp. The 201-country average is 22.6%: Grenada sits above it, Maldives sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Maldives | 8% | Source: Maldives Inland Revenue Authority (MIRA) — Goods and Services Tax (GST) Overview · as of 2023-01-01 |
| Difference | +7 pp | Grenada higher |
Between the two, Grenada's VAT rate (15%) tops Maldives's (8%) by 7pp. The 181-country average is 15%: Grenada matches the world average, Maldives sits below it. Grenada's figure is dated 2010-02-01 and Maldives's 2023-01-01, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax, Wealth Tax.