🇲🇻 Maldives Tax Guide - Income Tax, Corporate Tax & Special Regimes

Top income tax 15.0% Worldwide system

Corporate tax 15.0%

GST 8.0% standard rate

Tax residency 183 days 5 tax treaties

Maldives tax profile

Data year: 2026

Tax system: Worldwide Income tax under the Income Tax Act (Law 25/2019) applies from 1 January 2020 (employment income from 1 April 2020). Residents are taxed on worldwide income; non-residents and temporary residents are taxed on Maldives-source income only. Individuals face progressive rates on annual taxable income; companies and other entities pay 0% on taxable profits up to MVR 500,000 and 15% above. Licensed commercial banks pay 25% on taxable income.
Top PIT rate: 15.0%
Corporate tax rate: 15.0%
GST: 8.0%
Capital gains tax: No Capital Gains Tax
Social security (employee): 7.0%
Social security (employer): 7.0%
Dividend withholding: 10.0%
Interest withholding: 10.0%
Royalty withholding: 10.0%
Treaty count: 5

Corporate

Corporate brackets
Bracket min	Bracket max	Rate	USD equivalent
MVR 0	MVR 500,000	0.0%	$0 – $32,425
MVR 500,000	and above	15.0%	$32,425 +

Personal income

Personal income brackets
Bracket min	Bracket max	Rate	USD equivalent
MVR 0	MVR 720,000	0.0%	$0 – $46,693
MVR 720,000	MVR 1,200,000	5.5%	$46,693 – $77,821
MVR 1,200,000	MVR 1,800,000	8.0%	$77,821 – $116,732
MVR 1,800,000	MVR 2,400,000	12.0%	$116,732 – $155,642
MVR 2,400,000	and above	15.0%	$155,642 +

Days threshold: 183 days
Residency rules: You are a tax resident if you have a permanent place of living in the Maldives, are present (or intend to be present) for more than 183 days in any 12-month period commencing or ending in a tax year, or are a Maldivian government employee posted overseas. Foreigners who meet the residency tests but are immigration-permitted visitors and not married to a Maldivian are temporary residents (Maldives-source income only).
Exit tax: No
CFC rules: No

MIRA — Individual income tax overview (accessed Oct 9, 2026) Progressive PIT bands on annual taxable income, worldwide taxation for residents
MIRA — Other entities income tax overview (accessed Oct 9, 2026) CIT 0%/15% threshold MVR 500,000 for companies and partnerships
MIRA — Banks income tax overview (accessed Oct 9, 2026) Licensed commercial banks taxed at 25% on taxable income
MIRA — GST overview (accessed Oct 9, 2026) General-sector GST 8%; tourism sector 17% from 1 July 2025
MIRA — Non-resident withholding tax (accessed Oct 9, 2026) 10% NWT on dividends, interest (except qualifying bank/FI interest), royalties and listed passive income
MIRA — Individual tax residency (accessed Oct 9, 2026) 183-day rule, permanent place of abode, government employees posted abroad
MIRA — International tax treaties (accessed Oct 9, 2026) In-force bilateral DTAs with UAE, Bangladesh and Malaysia; SAARC multilateral agreement; India air transport agreement
Income Tax Act 25/2019 (English) (accessed Oct 9, 2026) Statutory PIT/CIT rates, interim and final filing deadlines (31 July, 31 January, 30 June)
Pension Office — MRPS employer FAQ (accessed Oct 9, 2026) Mandatory 7% employee and 7% employer contributions on pensionable wage (basic salary)

AL Albania Unique Permit for Digital Mobile Workers	$610/mo
EC Ecuador Digital Nomad Visa (Visa Nómada)	$1,446/mo
ME Montenegro Digital Nomad Residence Permit	$1,460/mo
MU Mauritius Premium Visa	$1,500/mo

GE Georgia Small Business Status (1% Tax)	1%
JE Jersey High Value Resident (HVR)	1%
UZ Uzbekistan IT Park Resident Status	1%
SO Somalia Presumptive Tax Regime (PTR)	1.5%