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Tax in Maldives

Last reviewed: · by TaxProsRated editorial

TL;DR

Maldives Inland Revenue Authority (MIRA) administers personal income tax at progressive 0/5.5/8/12/15 percent across multiple bands (introduced 1 April 2020), business profit tax at 15 percent (raised under successive amendments), and GST at 8 percent (T-GST 16 percent on tourism services).

Tax authority

Maldives Inland Revenue Authority (MIRA) under the Ministry of Finance [SC1]. Substantive law: Income Tax Act 25/2019 (effective 1 April 2020); Goods and Services Tax Act.

Filing framework

Individual annual returns due 30 June. Corporate annual returns due 30 June. GST monthly.

Residency

Residents are physically present 183+ days [SC2]. Worldwide income; non-residents on Maldives-source.

Personal income tax

Five bands above MVR 60,000 monthly threshold: 5.5/8/12/15 percent. Top 15 percent above MVR 200,000/month.

Corporate tax

15 percent flat under Income Tax Act 25/2019. Banks face additional sector-specific rate. Withholding on non-resident dividends 10 percent. Pillar Two not yet transposed.

Indirect tax

GST 8 percent on most goods and services [SC3]. T-GST (Tourism GST) 16 percent on tourism services (raised under successive amendments). Zero-rated on exports.

Cryptoassets

No dedicated framework. Maldives Monetary Authority advisory.

Treaties

Limited DTT network. SAARC member. CRS adopter.

Frequently asked

What are the Maldives personal income tax rates?

Five bands above MVR 60,000 monthly threshold: 5.5/8/12/15 percent. Top 15 percent above MVR 200,000/month. Introduced 1 April 2020 under Income Tax Act 25/2019.

What is the Maldives corporate tax rate?

15 percent flat. Banks additional sector-specific. Withholding on non-resident dividends 10 percent. Pillar Two not yet transposed.

What is the Maldives GST rate?

GST 8 percent on most goods/services. T-GST (Tourism GST) 16 percent on tourism services. Zero-rated on exports.

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Sources

The figures, dates, and rules on this page are sourced from the documents listed below. Where two sources disagree, both are listed.

  1. [1]MIRA — Maldives Inland Revenue Authority (opens in new tab)
    Maldives Inland Revenue Authority · accessed
  2. [2]Income Tax Act 25/2019 (opens in new tab)
    Government of Maldives · accessed
  3. [3]Goods and Services Tax Act (Maldives) (opens in new tab)
    Government of Maldives · accessed
Important disclaimer

Informational only — not tax advice. This page summarises publicly available information about tax in Maldives as of May 2026. Tax laws change, individual circumstances vary, and the application of any rule depends on your specific facts.

TaxProsRated does not provide tax, legal, accounting, or financial advice. Before acting on anything you read here, consult a qualified tax professional licensed in your jurisdiction (in the US: CPA, Enrolled Agent, or attorney; in the UK: CIOT- or ATT-qualified adviser; in Australia: TPB-registered tax agent; elsewhere: a locally-licensed equivalent). TaxProsRated, its operators, and its contributors disclaim all liability for action taken in reliance on this page.