Asia-Pacific · Tax guide
Maldives
The Maldives charges GST at 8% generally and 17% on tourism, once supplies pass MVR 1,000,000. Company profits above a tax-free band are taxed at 15%, and taxes are administered by the Maldives Inland Revenue Authority (MIRA).
At a glance
- Income tax for companies
- 15%
- General GST
- 8%
- Tourism GST
- 17%
- GST registration
- MVR 1,000,000
- Withholding on payments abroad
- 10%
Above a tax-free band
Most goods and services
Resorts and tourism
Annual supplies
Before treaty relief
Income tax
Companies pay 15% on profits above a tax-free band, with a higher rate for banks. Tax is paid in two interim instalments, and the annual return is due by the end of June.
GST
GST has two sectors: general GST at 8% and tourism GST at 17% for resorts, guesthouses and tourism services. Registration is required once annual supplies exceed MVR 1,000,000, and tourism businesses must register regardless. Returns are filed monthly or quarterly by the 28th.
Payments abroad
Payments to non-residents carry 10% withholding unless a treaty lowers it.
Key dates
- By the 28thGST return
- Twice a yearInterim income tax payments
- End of JuneAnnual income tax return
Figures and sources
5 figures- General GST rate8%Under professional review
- Tourism GST rate17%Under professional review
- Annual supplies above which GST registration is requiredMVR 1,000,000Under professional review
- Income tax rate for companies (above MVR 500,000; 0% below)15%Under professional review
- Withholding on payments to non-residents10%Under professional review
Indicative only. This assessment is a high-level overview of tax obligations in Maldives based on the information you provided and rules in force for 2026. It is not tax or legal advice. Consult a qualified tax adviser in Maldives (a Maldivian tax agent) before making compliance decisions.