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Maldives vs Sri Lanka: tax rates compared
Sri Lanka has an income tax rate of 36%, 21pp above Maldives's 15%. The 200-country average is 28%: Maldives sits below it, Sri Lanka sits above it. Maldives's figure is dated 2020-01-01 and Sri Lanka's 2025-08-28, 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 | LK | Difference |
|---|---|---|---|
| Income Tax | 15% | 36% | LK +21 pplargest gap |
| Corporate Tax | 15% | 30% | LK +15 pp |
| VAT | 8% | 18% | LK +10 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 |
| Sri Lanka | 36% | Source: Inland Revenue Department, Sri Lanka — Tax Chart, Year of Assessment 2025/2026 · as of 2025-08-28 |
| Difference | −21 pp | Sri Lanka higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Maldives | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Sri Lanka | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −15 pp | Sri Lanka higher |
Sri Lanka has a corporate tax rate of 30%, 15pp above Maldives's 15%. The 201-country average is 22.6%: Maldives sits below it, Sri Lanka 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 |
| Sri Lanka | 18% | Source: Sri Lanka Inland Revenue Department — Value Added Tax (VAT) · as of 2024-01-01 |
| Difference | −10 pp | Sri Lanka higher |
Sri Lanka has a VAT rate of 18%, 10pp above Maldives's 8%. The 181-country average is 15%: Maldives sits below it, Sri Lanka sits above it. Maldives's figure is dated 2023-01-01 and Sri Lanka's 2024-01-01, 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 |
| Sri Lanka | 0% | Source: Sri Lanka Inland Revenue Department — Acts of Parliament (tax legislation listing) · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Maldives and Sri Lanka 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 Sri Lanka's 2026-07-18, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.