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MV Tax 2022

Maldives Tax Tables 2022 - Tax Rates and Thresholds in Maldives

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This page contains the tax table information used for the calculation of tax and payroll deductions in Maldives in 2022. These tax tables are used for the tax and payroll calculators published on iCalculator™ MV, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Maldives or would like to add to or suggest amendments to the information herein then please contact us.

Maldives Personal Income Tax Tables in 2022

The Income tax rates and personal allowances in Maldives are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Maldives Tax Calculator 2022.

Maldives Residents Income Tax Tables in 2022
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from $ 0.000.00to $ 720,000.00
5.5%Income from $ 720,000.01 to $ 1,200,000.00
8%Income from $ 1,200,000.01 to $ 1,800,000.00
12%Income from $ 1,800,000.01 to $ 2,400,000.00
15%Income from $ 2,400,000.01 and above
Maldives Non-residents Income Tax Tables in 2022
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from $ 0.000.00to $ 720,000.00
5.5%Income from $ 720,000.01 to $ 1,200,000.00
8%Income from $ 1,200,000.01 to $ 1,800,000.00
12%Income from $ 1,800,000.01 to $ 2,400,000.00
15%Income from $ 2,400,000.01 and above

In the Maldives, social security contributions made by employees are not typically deductible from their gross income for the purposes of calculating taxable income. The Maldivian tax system primarily focuses on taxes related to business and tourism activities, with personal income tax not traditionally levied on individuals. Therefore, while social security contributions are mandatory for both employers and employees, these contributions do not directly influence the taxable income of individuals in the way they might in jurisdictions with a personal income tax system.

Maldives Social Security and Payroll Deduction Rates in 2022

The Maldives social security system is designed to provide protection and support to employees across various sectors, ensuring access to healthcare and financial stability after retirement. Contributions to this system are made by both employers and employees, funding key social welfare programs.

Maldives Social Security in 2022: Rates for Employers and Employees
CategoryEmployeeEmployerTotal
Retirement Pension Scheme7%7%14%
Maldives Social Security and Payroll Deduction in 2022: Earnings Thresholds for Employers and Employees
CategoryEmployeeEmployer
Min.Max.Min.Max.
Retirement Pension Schemen/an/an/an/a

Maldives VAT Rates in 2022

VAT rates for Maldives are reviewed annually, you can use the VAT Calculator to calculate VAT due in Maldives or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Maldives VAT Rates
VAT RateVAT Description
6%General sector
12%Tourism sector

Historic Tax Tables supported for Maldives

The following tax tables are supported by iCalculator™ MV as part of the suite of free tax tools we provide for Maldives.