🇲🇻 Maldives Inland Revenue Authority (MIRA)
Maldives Corporate Income Tax & BPT Calculator
Determine net taxable business profits, statutory MVR 500,000 threshold exemption, corporate income tax liability (15% standard, 25% banks), and effective tax rates.
⚡ Business Profile Presets
Corporate Financials
Total Corporate Income Tax Due
MVR 45,000.00
Effective Tax Rate: 5.63%
Tax Computation Breakdown
| Gross Revenue | MVR 2,000,000.00 |
| Allowable Deductions | MVR 1,200,000.00 |
| Net Accounting Profit | MVR 800,000.00 |
| Basic Exemption Threshold | MVR 500,000.00 |
| Taxable Profit Base | MVR 300,000.00 |
| Total Tax Payable to MIRA | MVR 45,000.00 |
Frequently Asked Questions
What is the standard corporate income tax rate in the Maldives? ▼
Under the Maldives Income Tax Act (Act No. 25/2019 which superseded the earlier BPT Act), standard companies and partnerships are taxed at 15% on taxable profits exceeding the MVR 500,000 annual tax-free threshold.
Are banks subject to a different corporate tax rate in Maldives? ▼
Yes, commercial banks licensed by the Maldives Monetary Authority (MMA) are taxed at 25% of taxable profit without entitlement to the MVR 500,000 basic threshold deduction.
What is the tax-free threshold for resident companies? ▼
Resident companies, sole proprietors, and registered partnerships receive a statutory MVR 500,000 deduction per accounting tax year.
When are corporate income tax returns due to MIRA? ▼
Final income tax returns and balance payments must be filed and paid to MIRA by 30 June of the year following the tax year, with interim payments due on 31 July and 31 January.
Are non-resident companies entitled to the MVR 500,000 threshold? ▼
No, non-resident enterprises carrying on business in the Maldives through a permanent establishment pay corporate income tax on all Maldivian-sourced taxable profits without the threshold exemption.