Maldives, Republic of

Individual - Taxes on personal income

Last reviewed - 03 August 2020

A 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