Maldives, Republic of

A branch is considered as a PE in Maldives, which requires registration in Maldives. The general approach stated in the Organisation for Economic Co-operation and Development (OECD) Model Tax Convention on Income and on Capital shall be adopted in determining the taxable profits of the branch.

Business income derived by a non-resident that is of the following natures are deemed to be derived from Maldives and subject to income tax:

• income derived from a business carried out through the non-resident’s PE in the Maldives
• income derived from the sale of goods or merchandise through a PE of the non-resident in the Maldives, and sale of goods and merchandise of the same or similar kind as those sold through that PE, or
• income from business activities of the same or similar kind as those effected through the PE of the non-resident in the Maldives.