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Maldives vs Saint Vincent and the Grenadines: tax rates compared
Saint Vincent and the Grenadines has an income tax rate of 28%, 13pp above Maldives's 15%. The 200-country average is 28%: Maldives sits below it, Saint Vincent and the Grenadines matches the world average. Maldives's figure is dated 2020-01-01 and Saint Vincent and the Grenadines's 2024-01-01, 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 | MV | VC | Difference |
|---|---|---|---|
| Income Tax | 15% | 28% | VC +13 pplargest gap |
| Corporate Tax | 15% | 28% | VC +13 pp |
| VAT | 8% | 16% | VC +8 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Maldives | 15% | Source: Maldives Inland Revenue Authority (MIRA) — Individuals, Overview · as of 2020-01-01 |
| Saint Vincent and the Grenadines | 28% | Source: Saint Vincent and the Grenadines Inland Revenue Department — PAYE Tax Tables (Code 245) · as of 2024-01-01 |
| Difference | −13 pp | Saint Vincent and the Grenadines higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Maldives | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Saint Vincent and the Grenadines | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −13 pp | Saint Vincent and the Grenadines higher |
Saint Vincent and the Grenadines has a corporate tax rate of 28%, 13pp above Maldives's 15%. The 201-country average is 22.6%: Maldives sits below it, Saint Vincent and the Grenadines sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Maldives | 8% | Source: Maldives Inland Revenue Authority (MIRA) — Goods and Services Tax (GST) Overview · as of 2023-01-01 |
| Saint Vincent and the Grenadines | 16% | Source: EY Worldwide VAT, GST and Sales Tax Guide 2026 — Saint Vincent and the Grenadines · as of 2026-01-01 |
| Difference | −8 pp | Saint Vincent and the Grenadines higher |
Saint Vincent and the Grenadines has a VAT rate of 16%, 8pp above Maldives's 8%. The 181-country average is 15%: Maldives sits below it, Saint Vincent and the Grenadines sits above it. Maldives's figure is dated 2023-01-01 and Saint Vincent and the Grenadines's 2026-01-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| 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 |
| Saint Vincent and the Grenadines | 0% | Source: Saint Vincent and the Grenadines Inland Revenue Department — Taxes · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Maldives and Saint Vincent and the Grenadines share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Maldives's figure is dated 2025-10-01 and Saint Vincent and the Grenadines's 2026-07-18, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.