Not a Latitax destination
Maldives
Personal and corporate rates top out at 15%, but there is no UK treaty and the economy is almost entirely tourism, taxed at 17% GST; relevant mainly to resort investors.
Income tax, top rate
Unverified15%
Progressive 0-15% as reported; top bracket threshold not confirmed from MIRA.
Source: Maldives Inland Revenue Authority (MIRA) · checked 2026-09-29Capital gains
UnverifiedNot confirmed
No separate capital gains tax understood; treatment within income tax not confirmed.
Source: Maldives Inland Revenue Authority (MIRA) · checked 2026-09-29Corporate
Unverified15%
Higher rate reported for banks; not confirmed from MIRA.
Source: Maldives Inland Revenue Authority (MIRA) · checked 2026-09-29VAT
Unverified8% GST (17% tourism)
General GST 8% since 1 January 2023; tourism GST 17% from 1 July 2025.
Source: MIRA - Goods and Services Tax FAQ · checked 2026-09-29Looking for somewhere that works?
See the jurisdictions where a lawful move genuinely cuts tax.
See the right countries- s1Maldives Inland Revenue Authority (MIRA)primary · checked 2026-09-29
- s2MIRA - Goods and Services Tax FAQprimary · checked 2026-09-29
- s3GOV.UK - Tax treaties (Maldives not listed)primary · checked 2026-09-29