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Maldives vs Trinidad and Tobago: tax rates compared
Trinidad and Tobago has an income tax rate of 30%, 15pp above Maldives's 15%. The 200-country average is 28%: Maldives sits below it, Trinidad and Tobago sits above it. Maldives's figure is dated 2020-01-01 and Trinidad and Tobago's 2026-06-02, 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 | TT | Difference |
|---|---|---|---|
| Income Tax | 15% | 30% | TT +15 pplargest gap |
| Corporate Tax | 15% | 30% | TT +15 pp |
| VAT | 8% | 12.5% | TT +4.5 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 |
| Trinidad and Tobago | 30% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Taxes on personal income) · as of 2026-06-02 |
| Difference | −15 pp | Trinidad and Tobago higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Maldives | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Trinidad and Tobago | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −15 pp | Trinidad and Tobago higher |
Trinidad and Tobago has a corporate tax rate of 30%, 15pp above Maldives's 15%. The 201-country average is 22.6%: Maldives sits below it, Trinidad and Tobago 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 |
| Trinidad and Tobago | 12.5% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Corporate, Other taxes) · as of 2026-06-02 |
| Difference | −4.5 pp | Trinidad and Tobago higher |
Trinidad and Tobago has a VAT rate of 12.5%, 4.5pp above Maldives's 8%. The 181-country average is 15%: both sit below it. Maldives's figure is dated 2023-01-01 and Trinidad and Tobago's 2026-06-02, 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 |
| Trinidad and Tobago | 0% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Other taxes) · as of 2026-06-02 |
| Difference | 0 pp | displayed rates match |
Maldives and Trinidad and Tobago 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 Trinidad and Tobago's 2026-06-02, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.