Maldives — Goods and services tax (GST) Tourism goods and services tax (TGST)
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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:
European Union (EU):
- Member State
Maldives Rates for 2019
- GST: 6%
- 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.
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.
- GST: taxable supply for the past or next 12 months exceeds MVR1,000,000 (USD64,851)
TGST: registration required irrespective of the taxable supply
- 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 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).
Maldives Tax Sources & Citations
- EN: Maldives Value Added Tax
- RU: НДС
- CN: 增值税
- Maldives Maldives Inland Revenue Authority (MIRA) (accessed 2019)
- Ernst & Young global VAT tax study, Maldives (updated 2019)
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