Tax & Money

How tax works in the Maldives for businesses and individuals, plus the practical side of money: bank accounts, transfers, currency and paying bills.

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GST and TGST in the Maldives explained: rates, who pays and how it works

The two GST rates in the Maldives, 8% general and 17% tourism, what each covers, how the July 2025 change works, and what it means for shoppers and businesses.

Reviewed 13 October 2026

How to register for GST with MIRA: who must register and the steps

The MVR 1 million threshold, why importers and tourism businesses must register whatever their size, voluntary registration, and what happens after you register.

Reviewed 13 October 2026

Income tax in the Maldives for employees: rates, withholding and who pays

How personal income tax works in the Maldives: the tax-free band up to MVR 720,000 a year, the rates above it, employer withholding, residency and deductions.

Reviewed 13 October 2026

The Maldives green tax explained: rates, exemptions and how it's charged

What the green tax is, the USD 12 and USD 6 nightly rates since January 2025, who is exempt, how it appears on your bill, and what accommodation providers must do.

Reviewed 13 October 2026

Banking in the Maldives for expats: opening an account and sending money home

How expats open a bank account, what the dollar shortage means for transfers, recent remittance limits, the official and market exchange rates, and practical tips.

Reviewed 13 October 2026