MV · AsiaES · Europe
Maldives vs Spain: tax rates compared
Spain has an income tax rate of 48.6%, 33.6pp above Maldives's 15%. The 200-country average is 28%: Maldives sits below it, Spain sits above it. Maldives's figure is dated 2020-01-01 and Spain's 2025-01-01, 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 | ES | Difference |
|---|---|---|---|
| Income Tax | 15% | 48.6% | ES +33.6 pplargest gap |
| Corporate Tax | 15% | 25% | ES +10 pp |
| VAT | 8% | 21% | ES +13 pp |
| Wealth Tax | 0% | 3.5% | ES +3.5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Maldives | 15% | Source: Maldives Inland Revenue Authority (MIRA) — Individuals, Overview · as of 2020-01-01 |
| Spain | 48.6% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −33.6 pp | Spain higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Maldives | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Spain | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −10 pp | Spain higher |
Spain has a corporate tax rate of 25%, 10pp above Maldives's 15%. The 201-country average is 22.6%: Maldives sits below it, Spain 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 |
| Spain | 21% | Source: PWC Worldwide Tax Summaries — Spain (Corporate, Other taxes) · as of 2025-12-31 |
| Difference | −13 pp | Spain higher |
Spain has a VAT rate of 21%, 13pp above Maldives's 8%. The 181-country average is 15%: Maldives sits below it, Spain sits above it. Maldives's figure is dated 2023-01-01 and Spain's 2025-12-31, 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 |
| Spain | 3.5% | Source: PWC Worldwide Tax Summaries — Spain (Individual, Other taxes) · as of 2025-12-31 |
| Difference | −3.5 pp | Spain higher |
Spain has a wealth tax rate of 3.5%, 3.5pp above Maldives's 0%. The 193-country average is 0.1%: Maldives sits below it, Spain sits above it.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.