DoubleTaxationTaxes on salary: Maldives preliminary data
How much income tax and social contributions are paid on a salary in Maldives, what a sole proprietor and a company pay, and which special regimes exist. Preliminary data.
Preliminary data: headline rates from official sources and bulletins of international organisations, without reliefs or special rules; being refined.
Calculation for a gross salary of €60,000 per year
| Gross salary | MVR 1,084,427 ≈ €60,000 |
|---|---|
| Income tax | MVR 15,868 ≈ €878 |
| Employee contributions | MVR 75,910 ≈ €4,200 |
| Take-home pay | MVR 992,649 ≈ €54,922 |
| Employer contributions and payroll taxes | MVR 75,910 ≈ €4,200 |
| Employer's labour cost | MVR 1,160,337 ≈ €64,200 |
Only some of the country's direct taxes and levies are counted: income tax on wages and compulsory contributions. Not counted: property and real-estate taxes; taxes on dividends, interest and other investment income; inheritance and gift taxes; indirect taxes such as VAT, excise and customs duties.
Taxes for sole proprietors and companies
Tax and contributions on the profit for a year; expenses are 10% of revenue, the company pays its profit out to the owner. Reliefs and local taxes are not included.
| Annual revenue | €30,000 MVR 542,213 | €60,000 MVR 1,084,427 | €120,000 MVR 2,168,854 |
|---|---|---|---|
| Sole proprietor | MVR 0 0.0 % | MVR 14,079 1.4 % | MVR 92,636 4.7 % |
| Company | MVR 0 0.0 % | MVR 71,398 7.3 % | MVR 217,795 11.2 % |
Special tax regimes
There are no special regimes for individuals.
Tax residence
The tax residence check does not cover Maldives yet.
Assumptions
- Calculated with the OECD Taxing Wages methodology: income tax including local taxes plus employee social security; single person without children, tax year 2026, ECB rate of 2 January 2026.
- Exchange rate: 1 EUR = 18.073782 MVR (Maldives Monetary Authority — reference rate MVR per USD (no rate published 31 Dec 2025 - 3 Jan 2026; 30 Dec 2025 and 4-5 Jan 2026 are all 15.42; managed peg), 2026-01-04) ↗
Sources
- Maldives Inland Revenue Authority — Income tax for individuals
- Maldives Inland Revenue Authority — Employee Withholding Tax (EWT)
- Maldives Inland Revenue Authority — Income tax for companies
- Ministry of Finance — Revenue policy (bank income tax 25%)
- Maldives Pension Administration Office — MRPS page (links the official MRPS leaflet, Dhivehi: 7% employee, 7% employer)
- Maldives Monetary Authority — reference rates (JSON behind the Exchange Rates statistics page)
Data checked: 2026-11-08. An indicative calculation for a typical case. Not tax advice.