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).