Taxes on income, profits and capital gains (% of revenue) in Maldives
Maldives: Taxes on income, profits and capital gains (% of revenue) was 12.7% in 2021. ◆ Volatile
Taxes on income, profits and capital gains in Maldives, 1985–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2021, taxes on income, profits and capital gains in Maldives stood at 12.7%.
The figure is down 47.4% on the previous year and up 348.2% over ten years.
Over the whole period, taxes on income, profits and capital gains in Maldives peaked at 24.1% in 2020 and was at its lowest, 1.0%, in 1987.
Maldives ranks 126th of 153 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income, profits and capital gains (% of revenue) in Maldives, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1985 | 2.6% | — |
| 1986 | 1.9% | -27.4% |
| 1987 | 1.0% | -46.1% |
| 1988 | 1.4% | +36.3% |
| 1990 | 1.3% | -7.2% |
| 1991 | 1.3% | +4.5% |
| 1992 | 1.5% | +9.5% |
| 1993 | 1.5% | +3.6% |
| 1994 | 1.4% | -5.2% |
| 1995 | 1.4% | -4.8% |
| 1996 | 1.5% | +11.3% |
| 1997 | 1.5% | -1.4% |
| 1998 | 1.8% | +22.4% |
| 1999 | 1.9% | +3.2% |
| 2000 | 2.0% | +4.5% |
| 2001 | 2.1% | +5.6% |
| 2002 | 1.9% | -10.2% |
| 2003 | 1.5% | -19.6% |
| 2004 | 1.4% | -5.4% |
| 2005 | 1.4% | +0.5% |
| 2006 | 1.5% | +4.3% |
| 2007 | 2.2% | +49.8% |
| 2008 | 3.2% | +44.8% |
| 2009 | 4.3% | +32.2% |
| 2010 | 3.1% | -27.1% |
| 2011 | 2.8% | -9.7% |
| 2014 | 19.7% | +596.8% |
| 2015 | 18.6% | -5.6% |
| 2016 | 17.6% | -5.5% |
| 2017 | 16.5% | -5.9% |
| 2018 | 14.8% | -10.4% |
| 2019 | 15.3% | +3.2% |
| 2020 | 24.1% | +57.8% |
| 2021 | 12.7% | -47.4% |
Maldives compared with similar countries
- Maldives's 12.7% is below the median for upper middle income countries, which is 22.7%, 56% of the median. (48 countries reporting)
- Maldives's 12.7% is below the median for South Asia, which is 26.2%, 48% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Taxes on income, profits and capital gains (% of revenue) in Maldives changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +596.8% | 2.8% | 19.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.7% | 1.0% | 2.6% | 4 |
| 1990s | 1.5% | 1.3% | 1.9% | 10 |
| 2000s | 2.2% | 1.4% | 4.3% | 10 |
| 2010s | 13.5% | 2.8% | 19.7% | 8 |
| 2020s | 18.4% | 12.7% | 24.1% | 2 |
Countries ranked near Maldives
More public sector data for Maldives
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 11.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 13.26 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2024)
Frequently asked questions
- What is taxes on income, profits and capital gains in Maldives?
- Taxes on income, profits and capital gains in Maldives was 12.7% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Maldives?
- The highest recorded value was 24.1% in 2020.
- What is the lowest taxes on income, profits and capital gains recorded in Maldives?
- The lowest recorded value was 1.0% in 1987.
- How does Maldives rank for taxes on income, profits and capital gains?
- Maldives ranks 126th out of 153 countries with data for 2021.
- Is taxes on income, profits and capital gains rising or falling in Maldives?
- Over the last ten years it is up 348.2%. The long-run trend across the full record is volatile.
- Where does this Maldives data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.