Mv Corporate Income Tax

---
name: mv-corporate-income-tax
description: "Source-cited draft: corporate income tax for Maldives (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/mv-corporate-income-tax"
  jurisdiction: "MV"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Maldives Corporate Income Tax

## Corporate income tax rates and base

- **Corporate tax-free band** — First MVR 500,000 of taxable income taxed at 0% MVR MVR  _([Income Tax Act (Law No. 25/2019)](https://www.crowe.com/mv/insights/income-tax-overview))_
- **Standard corporate income tax rate** — 15% on taxable income exceeding MVR 500,000 %  _(Income Tax Act (Law No. 25/2019))_
- **Tax rate for commercial banks** — 25% flat on the whole taxable income (no MVR 500,000 exemption) %  _([Income Tax Act (Law No. 25/2019)](https://rcolawyers.com/guides/2-current-tax-rates-in-maldives/))_
- **Tax base** — Taxable profit (accounting profit adjusted for tax under the Act); resident companies taxed on worldwide income, non-residents on Maldives-source income  _(Income Tax Act (Law No. 25/2019))_
- **Non-resident company with permanent establishment** — Taxed at 15% on profits attributable to the Maldives permanent establishment %  _([Income Tax Act (Law No. 25/2019)](https://bats-consulting.com/assets/pdf/taxrules/Maldives.pdf))_
- **Non-resident withholding tax (general)** — 10% on specified Maldives-source payments to non-residents %  _([Income Tax Act (Law No. 25/2019)](https://www.legal500.com/guides/chapter/maldives-tax/))_
- **Withholding tax on dividends to non-residents** — 10% %  _(Income Tax Act (Law No. 25/2019))_
- **Withholding tax on interest to non-residents** — 10% (interest paid to banks/approved financial institutions generally excluded) %  _(Income Tax Act (Law No. 25/2019))_
- **Withholding tax on royalties to non-residents** — 10% %  _(Income Tax Act (Law No. 25/2019))_
- **Withholding tax on fees for technical services / management fees to non-residents** — 10% %  _(Income Tax Act (Law No. 25/2019))_
- **Non-resident withholding tax remittance deadline** — 15th day of the month following the month in which payment was made  _(Income Tax Act (Law No. 25/2019))_
- **Corporate filing & payment cycle** — Two interim payments (31 July of the tax year; 31 January following) and a final return/payment by 30 June of the year following the tax year  _([Income Tax Act (Law No. 25/2019)](https://www.legal500.com/guides/chapter/maldives-tax/))_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `mv-corporate-income-tax` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/mv-corporate-income-tax. If neither is available, confirm every figure against the official source pages cited above before relying on it.