Tax Overview in Maldives

Tax overview 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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National tax authority

Maldives Inland Revenue Authority (MIRA)Tax Administration Act (Law No. 3/2010)View source ↗

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)View source ↗

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)View source ↗

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)

Standard corporate income tax rate

15% on taxable income above MVR 500,000Income Tax Act (Law No. 25/2019)View source ↗

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)View source ↗

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Maldives Tax Overview

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 income (Income Tax Act (Law No. 25/2019))
Personal income tax-free threshold — MVR 720,000 of annual income (0% band) MVR/year (Income Tax Act (Law No. 25/2019))
Top marginal personal income tax rate — 15% % (Income Tax Act (Law No. 25/2019))
Standard corporate income tax rate — 15% on taxable income above MVR 500,000 % (Income 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 2025 (Goods 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 monthly (Maldives Tourism Act (Law No. 2/99) / Green Tax Regulation)
Annual income tax final return & payment deadline — 30 June of the year following the tax year (Income Tax Act (Law No. 25/2019))
GST return & payment deadline — 28th of the month following the end of the taxable period (Goods and Services Tax Act (Law No. 10/2011))

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The Maldives tax system at a glance

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 income (Income Tax Act (Law No. 25/2019))

Personal income tax-free threshold — MVR 720,000 of annual income (0% band) MVR/year (Income Tax Act (Law No. 25/2019))

Top marginal personal income tax rate — 15% % (Income Tax Act (Law No. 25/2019))

Standard corporate income tax rate — 15% on taxable income above MVR 500,000 % (Income 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 2025 (Goods 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 monthly (Maldives Tourism Act (Law No. 2/99) / Green Tax Regulation)

Annual income tax final return & payment deadline — 30 June of the year following the tax year (Income Tax Act (Law No. 25/2019))

GST return & payment deadline — 28th of the month following the end of the taxable period (Goods and Services Tax Act (Law No. 10/2011))