Taxes on income, profits and capital gains in Maldives
Maldives: Taxes on income, profits and capital gains was 17.4% 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 total taxes.
Analysis
The most recent figure for taxes on income, profits and capital gains in Maldives is 17.4%, measured in 2021.
That represents a change of down 45.2% on the previous year and up 222.2% over ten years.
Over the whole period, taxes on income, profits and capital gains in Maldives peaked at 31.8% in 2020 and was at its lowest, 2.2%, in 1987.
That places Maldives 141st out of 153 countries with data for 2021, putting it 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 in Maldives, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 1985 | 4.5% | — |
| 1986 | 4.4% | -3.1% |
| 1987 | 2.2% | -48.9% |
| 1988 | 2.8% | +26.1% |
| 1990 | 2.4% | -15.2% |
| 1991 | 2.9% | +20.3% |
| 1992 | 2.7% | -6.4% |
| 1993 | 2.9% | +5.8% |
| 1994 | 3.1% | +6.7% |
| 1995 | 3.0% | -1.6% |
| 1996 | 3.3% | +11.0% |
| 1997 | 3.2% | -5.3% |
| 1998 | 3.9% | +24.1% |
| 1999 | 4.3% | +9.8% |
| 2000 | 4.6% | +7.4% |
| 2001 | 5.0% | +8.2% |
| 2002 | 4.7% | -6.9% |
| 2003 | 3.6% | -21.9% |
| 2004 | 3.0% | -19.0% |
| 2005 | 3.8% | +29.3% |
| 2006 | 3.9% | +1.1% |
| 2007 | 5.8% | +50.9% |
| 2008 | 7.2% | +22.9% |
| 2009 | 9.0% | +25.7% |
| 2010 | 6.9% | -22.9% |
| 2011 | 5.4% | -22.0% |
| 2014 | 26.9% | +396.7% |
| 2015 | 25.6% | -4.9% |
| 2016 | 23.9% | -6.4% |
| 2017 | 21.7% | -9.3% |
| 2018 | 19.5% | -9.9% |
| 2019 | 20.0% | +2.3% |
| 2020 | 31.8% | +59.1% |
| 2021 | 17.4% | -45.2% |
Maldives compared with similar countries
- Maldives's 17.4% is below the median for upper middle income countries, which is 37.1%, 47% of the median. (48 countries reporting)
- Maldives's 17.4% is below the median for South Asia, which is 33.0%, 53% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Taxes on income, profits and capital gains 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 | +396.7% | 5.4% | 26.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.5% | 2.2% | 4.5% | 4 |
| 1990s | 3.2% | 2.4% | 4.3% | 10 |
| 2000s | 5.1% | 3.0% | 9.0% | 10 |
| 2010s | 18.7% | 5.4% | 26.9% | 8 |
| 2020s | 24.6% | 17.4% | 31.8% | 2 |
Countries ranked near Maldives
More public sector data for Maldives
- Democracy, 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)
- Elected parliament, 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)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits and capital gains in Maldives?
- Taxes on income, profits and capital gains in Maldives was 17.4% 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 31.8% in 2020.
- What is the lowest taxes on income, profits and capital gains recorded in Maldives?
- The lowest recorded value was 2.2% in 1987.
- How does Maldives rank for taxes on income, profits and capital gains?
- Maldives ranks 141st 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 222.2%. 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 total taxes). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.