Maldives, Republic of
Individual - Taxes on personal income
Last reviewed - 10 September 2023A tax resident in Maldives is subject to income tax on worldwide income. A non-resident and a temporary resident is taxable in respect of income that is derived from Maldives.
Personal income tax rates
An individual (resident, non-resident, and temporary resident; see the Residence section) shall be taxed on one’s taxable income at the following rates:
Tax bracket (taxable income per tax year) (MVR*) | Tax rate (%) |
Not exceeding 720,000 | 0 |
More than 720,000 but not exceeding 1,200,000 | 5.5 |
More than 1,200,000 but not exceeding 1,800,000 | 8.0 |
More than 1,800,000 but not exceeding 2,400,000 | 12.0 |
More than 2,400,000 | 15.0 |
* Maldivian rufiyaa