Central & South Asia
Maldives tax rates 2026
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
Rates checked July 2026: the top marginal income tax rate, the standard VAT rate and the main corporate rate.