Maldives Tax Rates
Maldives operates a relatively simple tax system with no personal income tax and a 15% corporate tax rate, administered by the Maldives Inland Revenue Authority (MIRA). The country introduced a 6% GST (16% for tourism) and relies heavily on tourism-related taxes. There is no capital gains tax, and the overall tax burden is low compared to regional peers.
Top Income Tax Rate
0%
Corporate Tax Rate
15%
VAT / Sales Tax
8%
Capital Gains Tax
0%
Detailed Tax Information
Income Tax Brackets
Maldives does not impose personal income tax on individuals. There is no tax on employment income, investment income, or other personal income. The Income Tax Act enacted in 2019 focused on business and corporate income rather than personal income.
| Income Range | Tax Rate |
|---|---|
| Rf 0+ | 0% |
Corporate Tax
Maldives introduced a business profit tax in 2011, now at 15% on taxable profits exceeding MVR 500,000. This applies to all businesses including companies, partnerships, and other entities. The first MVR 500,000 of taxable profit is exempt.
Standard Rate
15%
Capital Gains Tax
Maldives does not impose capital gains tax. Gains from asset disposals are not subject to taxation.
Rate
0%
VAT / Sales Tax
Maldives levies a GST (Goods and Services Tax) at 8% on general goods and services and 16% on tourism goods and services (raised from 12% in 2023). The tourism GST rate applies to resorts, hotels, and tourism-related businesses. Basic necessities including essential food items are zero-rated.
Standard Rate
8%
Cryptocurrency Tax
Maldives has not introduced cryptocurrency regulation or tax rules. The Maldives Monetary Authority has not formally addressed cryptocurrency. Given the absence of personal income and capital gains taxes, individual crypto gains would not be taxed.
Tax Treaties
Maldives has a limited number of tax agreements, reflecting its small economy and geographic isolation.
Treaty Network
5
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Maldives
See how much you could save by moving here from your current country.
+$17K
Tax in United States
$24K
24.4% effective
Tax in Maldives
$7K
7.0% effective
You Save
71.3%
less tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
