Source-cited draft: corporate income tax for Maldives (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.
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Corporate tax-free band
First MVR 500,000 of taxable income taxed at 0% MVRIncome Tax Act (Law No. 25/2019)View source ↗
Standard corporate income tax rate
15% on taxable income exceeding MVR 500,000Income Tax Act (Law No. 25/2019)
Tax rate for commercial banks
25% flat on the whole taxable income (no MVR 500,000 exemption)Income Tax Act (Law No. 25/2019)View source ↗
Tax base
Taxable profit (accounting profit adjusted for tax under the Act); resident companies taxed on worldwide income, non-residents on Maldives-source incomeIncome Tax Act (Law No. 25/2019)
Non-resident company with permanent establishment
Taxed at 15% on profits attributable to the Maldives permanent establishmentIncome Tax Act (Law No. 25/2019)View source ↗
Non-resident withholding tax (general)
10% on specified Maldives-source payments to non-residentsIncome Tax Act (Law No. 25/2019)View source ↗
Withholding tax on dividends to non-residents
10%Income Tax Act (Law No. 25/2019)
Withholding tax on interest to non-residents
10% (interest paid to banks/approved financial institutions generally excluded)Income Tax Act (Law No. 25/2019)
Withholding tax on royalties to non-residents
10%Income Tax Act (Law No. 25/2019)
Withholding tax on fees for technical services / management fees to non-residents
10%Income Tax Act (Law No. 25/2019)
Non-resident withholding tax remittance deadline
15th day of the month following the month in which payment was madeIncome Tax Act (Law No. 25/2019)
Corporate filing & payment cycle
Two interim payments (31 July of the tax year; 31 January following) and a final return/payment by 30 June of the year following the tax yearIncome Tax Act (Law No. 25/2019)View source ↗
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