Source-cited draft: tax overview 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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Every figure is drawn from this Tax Guide and cited to its source.
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 ↗
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 RegulationView source ↗
Annual income tax final return & payment deadline
30 June of the year following the tax yearIncome Tax Act (Law No. 25/2019)View source ↗
GST return & payment deadline
28th of the month following the end of the taxable periodGoods and Services Tax Act (Law No. 10/2011)View source ↗
Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.
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 Tax Library.