MV · AsiaTH · Asia
Maldives vs Thailand: tax rates compared
Between the two, Thailand's income tax rate (35%) tops Maldives's (15%) by 20pp. The 200-country average is 28%: Maldives sits below it, Thailand sits above it. Maldives's figure is dated 2020-01-01 and Thailand's 2026-02-02, 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 | TH | Difference |
|---|---|---|---|
| Income Tax | 15% | 35% | TH +20 pplargest gap |
| Corporate Tax | 15% | 20% | TH +5 pp |
| VAT | 8% | 7% | MV +1 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 |
| Thailand | 35% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Taxes on personal income) · as of 2026-02-02 |
| Difference | −20 pp | Thailand higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Maldives | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Thailand | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5 pp | Thailand higher |
Between the two, Thailand's corporate tax rate (20%) tops Maldives's (15%) by 5pp. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Maldives | 8% | Source: Maldives Inland Revenue Authority (MIRA) — Goods and Services Tax (GST) Overview · as of 2023-01-01 |
| Thailand | 7% | Source: PWC Worldwide Tax Summaries — Thailand (Corporate, Other taxes) · as of 2026-02-02 |
| Difference | +1 pp | Maldives higher |
Between the two, Maldives's VAT rate (8%) tops Thailand's (7%) by 1pp. The 181-country average is 15%: both sit below it. Maldives's figure is dated 2023-01-01 and Thailand's 2026-02-02, 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 |
| Thailand | 0% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Other taxes) · as of 2026-02-02 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Maldives and Thailand both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Maldives's figure is dated 2025-10-01 and Thailand's 2026-02-02, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.