Understanding corporate income tax and other business taxes in the Maldives is crucial for companies operating within the country. Alongside corporate income tax, businesses should be aware of other taxes, including GST, withholding tax, Business Profit Tax (BPT), and Tourism Goods and Services Tax (T-GST). It is advisable to consult with a tax professional or refer to the official website of the Maldives Inland Revenue Authority (MIRA) for the most accurate and up-to-date information. By fulfilling their tax obligations, businesses can operate in compliance with Maldivian tax laws and contribute to the growth and development of the country's economy while enjoying the beauty of this island nation.
The Maldives imposes corporate income tax on the profits earned by companies operating within its jurisdiction. The corporate income tax rate in the Maldives is a flat rate of 15%. This rate applies to both resident and non-resident companies engaging in commercial, industrial, or professional activities in the country.
For comprehensive and up-to-date information on business taxes in the Maldives, it is recommended to visit the official website of the Maldives Inland Revenue Authority (MIRA).
Maldives Inland Revenue Authority (MIRA) Website: Official MIRA Website