Corporate Income Tax in Maldives

Corporate income tax for Maldives (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Maldives · tax year 2025 · changed 25 Jun 2026

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Key figures: Maldives, 2025

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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)

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Corporate income tax rates and base

Corporate tax-free band — First MVR 500,000 of taxable income taxed at 0% MVR MVR (Income Tax Act (Law No. 25/2019))
Standard corporate income tax rate — 15% on taxable income exceeding MVR 500,000 % (Income 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))
Tax base — Taxable profit (accounting profit adjusted for tax under the Act); resident companies taxed on worldwide income, non-residents on Maldives-source income (Income Tax Act (Law No. 25/2019))
Non-resident company with permanent establishment — Taxed at 15% on profits attributable to the Maldives permanent establishment % (Income Tax Act (Law No. 25/2019))
Non-resident withholding tax (general) — 10% on specified Maldives-source payments to non-residents % (Income Tax Act (Law No. 25/2019))
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 made (Income 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 year (Income Tax Act (Law No. 25/2019))

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Corporate income tax rates and base

Corporate tax-free band — First MVR 500,000 of taxable income taxed at 0% MVR MVR (Income Tax Act (Law No. 25/2019))

Standard corporate income tax rate — 15% on taxable income exceeding MVR 500,000 % (Income 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))

Tax base — Taxable profit (accounting profit adjusted for tax under the Act); resident companies taxed on worldwide income, non-residents on Maldives-source income (Income Tax Act (Law No. 25/2019))

Non-resident company with permanent establishment — Taxed at 15% on profits attributable to the Maldives permanent establishment % (Income Tax Act (Law No. 25/2019))

Non-resident withholding tax (general) — 10% on specified Maldives-source payments to non-residents % (Income Tax Act (Law No. 25/2019))

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 made (Income 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 year (Income Tax Act (Law No. 25/2019))