Central & South Asia
Maldives: tax at a glance
A young tax system with a 15% top personal rate, 15% corporate tax and a tourism-weighted GST. There is no wealth or inheritance tax, and the tourism sector carries most of the burden.
Territorial
Last verified
The taxes
- Personal income (top)
- 15%Progressive bands to 15%, with a generous exempt threshold. Personal income tax was only introduced in 2020.
- Corporate income
- 15%
- Capital gains
- Included in taxable business income. There is no separate capital gains tax for individuals.
- VAT / GST
- 8%
- Dividends (WHT)
- 10%
- Interest (WHT)
- 10%
- Royalties (WHT)
- 10%
- Social security (employee)
- 7%
- Social security (employer)
- 7%
- Wealth tax
- None
- Inheritance / estate
- None
- Property tax
- No general property tax. Land is leased rather than owned outright by foreigners.
- Other
- Tourism GST is charged at 16%, materially higher than the 8% general rate, plus a green tax per bed-night.
How the system works
- Tax system
- Territorial
- Foreign income
- Largely outside scope (territorial)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Participating
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.