MV · Asia · MVR
Maldives
Tax rates
Income Tax
15%
Top rate, progressive scale
Source: Maldives Inland Revenue Authority (MIRA) — Individuals, Overview · as of 2020-01-01Corporate Tax
15%
Statutory rate
Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01VAT
8%
Standard rate
Source: Maldives Inland Revenue Authority (MIRA) — Goods and Services Tax (GST) Overview · as of 2023-01-01Wealth Tax
0%
Not levied
No verified data yet for: Capital Gains Tax, Crypto Tax.
Estimate your income tax
Enter a gross annual salary to estimate 2020 national income tax for Maldives using verified brackets — total tax, effective and marginal rate, net income, and the per-band breakdown. National income tax only; social contributions and sub-national taxes are excluded unless the notes say otherwise. The full calculator covers every country with verified rates.
The calculator needs JavaScript — every figure stays readable without it. The full bracket schedule is under Brackets & notes below, and the calculator page lists every country's schedule.
Brackets, notes & in practice
Income Tax
| Threshold | Rate |
|---|---|
| MVR 0 | 0% |
| MVR 720,000 | 5.5% |
| MVR 1,200,000 | 8% |
| MVR 1,800,000 | 12% |
| MVR 2,400,000 | 15% |
Tax is calculated by allocating taxable income across these brackets under the Income Tax Act (Law Number 25/2019), effective 1 January 2020.
The Maldives taxes individuals' annual taxable income on a progressive scale from 0% (up to MVR 720,000) rising to a top rate of 15% for income exceeding MVR 2,400,000, under the Income Tax Act (Law Number 25/2019), effective 1 January 2020.
VAT
The general-sector Goods and Services Tax (GST) standard rate is 8%, in force since 1 January 2023 under the sixth amendment to the Goods and Services Tax Act (Law Number 10/2011). A separate Tourism GST (T-GST), currently 17%, applies to tourism-sector supplies such as resorts, guesthouses, and diving operators.
In practice
- Filing
A person conducting a taxable activity in the General Sector must register for GST once the value of taxable supplies for the past 12 months exceeds MVR 1 million, and must submit the MIRA 105 registration form by the end of the following month.
Source: Maldives Inland Revenue Authority (MIRA) — GST registration requirements (Interactive Guide) · as of 2026-07-27- Exemptions
Exempt goods and services (no GST charged, and no input tax credit for the supplier) include utility services (electricity, water, and sewerage), postal services, education by a registered educational institute, health services by a registered health service provider, approved drugs and medical devices sold by a registered pharmacy, the sale of goods and services received as donations by charitable organizations, financial services, rent from leasing immovable property, international transportation, and daycare services.
Source: Maldives Inland Revenue Authority (MIRA) — Exempt Goods and Services · as of 2026-07-28
Wealth Tax
No net wealth tax is identified in the Maldives' tax framework. The EY Worldwide Personal Tax and Immigration Guide's Maldives chapter is structured as Section A (Income tax) and Section B (Goods and services tax) only, followed directly by Section C (Work permit) — no 'Other taxes' section exists at all. The Income Tax Act, effective from 1 January 2020, repealed the Business Profits Tax, the remittance tax, and certain provisions of the land sales tax, introducing individual income tax and employee withholding tax instead. Section B covers GST (8%, 17% for tourism) and a per-guest tourism-specific Green Tax — both narrow and sectoral, not net-worth-based.