MV Goods and services tax (GST) 	Tourism goods and services tax  	 (TGST) Rates Maldives — Goods and services tax (GST) Tourism goods and services tax (TGST)

General VAT Rate Other Rates Local Currency
6% 0% Rufiyaa (MVR)

Maldives's general VAT rate is 6%, with other rates including 0% that can apply to certain transactions. The Goods and services tax (GST) Tourism goods and services tax (TGST) is administered by the Maldives Inland Revenue Authority (MIRA) in Malé.

The Maldives' general GST (Goods & Services Tax) is 6%. The TGST, which applies to tourism services, is 12%.

Consumption Taxes in Maldives

Maldives has multiple consumption taxes, which apply in different situations depending on what purchase is being made. These taxes include the following:

Goods and services tax (GST) Tourism goods and services tax (TGST)
which was introduced in October 2011.

European Union (EU):

Member State
No

Maldives Rates for 2017

Standard
GST: 6%

TGST: 12%

Other
Zero-rated, exempt

Maldives Number format

Businesses in Maldives that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Maldives Inland Revenue Authority (MIRA), and will follow a certain format. The Number format is GST: XXXXXXXGST501.

TGST: XXXXXXXGST001


Maldives GST and TGST return periods

Businesses in Maldives that are required to collect tax from consumers must file regular tax returns with the Maldives Inland Revenue Authority (MIRA) in Malé. Maldives's GST and TGST return periods are:

Monthly if the taxable supply exceeds MVR1,000,000 per month (USD64,851)

Quarterly if the taxable supply exceeds MVR1,000,000 per quarter (USD64,851)


Maldives Goods and services tax (GST) Tourism goods and services tax (TGST) Thresholds

These are the revenue thresholds at which businesses in Maldives are required to start collecting and remitting tax.

Registration
GST: taxable supply for the past or next 12 months exceeds MVR1,000,000 (USD64,851)

TGST: registration required irrespective of the taxable supply

Deregistration
GST: taxable supply for the past or next 12 months is less than MVR500,000 (USD32,425)

TGST: upon cancellation of the operating license

Recovery of GST by:


non-established businesses

Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. Non-incorporated businesses in Maldives are not required to collect taxes from the consumer.


Maldives VAT Refunds

Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Maldives VAT refund program, more info can be obtained from the Maldives Inland Revenue Authority (MIRA).


MV Goods and services tax (GST) 	Tourism goods and services tax  	 (TGST) Rates Maldives Tax Sources & Citations

  • EN: Maldives Value Added Tax
  • RU: НДС
  • CN: 增值税
Note: This page is intended to be a simple overview of Maldives's consumption tax structure, is provided as-is, and is not legal advice. Please let us know if any of the Maldives tax information on this page is incorrect or out of date.
Citations:
  1. Maldives Maldives Inland Revenue Authority (MIRA) (accessed 2017)
  2. Ernst & Young global VAT tax study, Maldives (updated 2017)

  3. ← Back to World VAT Rates
** This Document Provided By SalesTaxHandbook **
Source: http://world.salestaxhandbook.com/mv-maldives