Source-cited draft: tax overview for Maldives (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
General reference only
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Source-cited draft. This skill is source-cited but has not been reviewed by a licensed practitioner. It may be incomplete, outdated, or wrong.
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| The Maldives tax system at a glance | The Maldives historically had no broad income tax; the Income Tax Act (Law No. 25/2019) introduced personal and corporate income tax from 1 January 2020. Tax is administered by the Maldives Inland Revenue Authority (MIRA), and the country also operates a Goods and Services Tax (GST/TGST) and a Green Tax. | |
| National tax authority | Maldives Inland Revenue Authority (MIRA)Tax Administration Act (Law No. 3/2010) | |
| Currency | Maldivian Rufiyaa (MVR)Maldives Monetary Authority Act | |
| Standard tax year | Calendar year (1 January to 31 December)Income Tax Act (Law No. 25/2019) | |
| Basis of taxation | Residents are taxed on worldwide income; non-residents and temporary residents only on Maldives-source incomeIncome Tax Act (Law No. 25/2019) | |
| Personal income tax-free threshold | MVR 720,000 of annual income (0% band)Income Tax Act (Law No. 25/2019) | |
| Top marginal personal income tax rate | 15%Income Tax Act (Law No. 25/2019) |
The Maldives historically had no broad income tax; the Income Tax Act (Law No. 25/2019) introduced personal and corporate income tax from 1 January 2020. Tax is administered by the Maldives Inland Revenue Authority (MIRA), and the country also operates a Goods and Services Tax (GST/TGST) and a Green Tax.
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Other Maldives computations in the OpenAccountants library.
| Standard corporate income tax rate | 15% on taxable income above MVR 500,000Income Tax Act (Law No. 25/2019) |
| Does the Maldives have a consumption tax? | Yes — Goods and Services Tax (GST) at 8% general rate and Tourism GST (TGST) at 17% from 1 July 2025Goods and Services Tax Act (Law No. 10/2011) |
| Green Tax (environmental tourism levy) | Per-guest, per-night tax on tourist establishments, collected and remitted to MIRA monthlyMaldives Tourism Act (Law No. 2/99) / Green Tax Regulation |
| Annual income tax final return & payment deadline | 30 June of the year following the tax yearIncome Tax Act (Law No. 25/2019) |
| GST return & payment deadline | 28th of the month following the end of the taxable periodGoods and Services Tax Act (Law No. 10/2011) |
Rendered from the facts database. General reference only — confirm with a qualified professional before acting.