JM · AmericasMV · Asia
Jamaica vs Maldives: tax rates compared
Jamaica has an income tax rate of 30%, 15pp above Maldives's 15%. The 200-country average is 28%: Jamaica sits above it, Maldives sits below it. Jamaica's figure is dated 2025-12-31 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 | JM | MV | Difference |
|---|---|---|---|
| Income Tax | 30% | 15% | JM +15 pplargest gap |
| Corporate Tax | 25% | 15% | JM +10 pp |
| VAT | 15% | 8% | JM +7 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 30% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Taxes on personal income) · as of 2025-12-31 |
| Maldives | 15% | Source: Maldives Inland Revenue Authority (MIRA) — Individuals, Overview · as of 2020-01-01 |
| Difference | +15 pp | Jamaica higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 25% | 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 | +10 pp | Jamaica higher |
Jamaica has a corporate tax rate of 25%, 10pp above Maldives's 15%. The 201-country average is 22.6%: Jamaica sits above it, Maldives sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Jamaica | 15% | Source: PWC Worldwide Tax Summaries — Jamaica (Corporate, Other taxes) · as of 2025-12-31 |
| Maldives | 8% | Source: Maldives Inland Revenue Authority (MIRA) — Goods and Services Tax (GST) Overview · as of 2023-01-01 |
| Difference | +7 pp | Jamaica higher |
Jamaica has a VAT rate of 15%, 7pp above Maldives's 8%. The 181-country average is 15%: Jamaica matches the world average, Maldives sits below it. Jamaica's figure is dated 2025-12-31 and Maldives's 2023-01-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-12-31 |
| 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 |
Jamaica and Maldives share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.