How to use Maldives Income Tax Calculator
This Maldives income tax calculator works out Maldives income tax on the 0/5.5/8/12/15 scale for 2023, 2024, 2025 and 2026. The first MVR 720,000 a year is tax-free, then 5.5%, 8%, 12% and 15% bands apply. A 7% pension contribution is documented but not deducted. The calculator shows your income tax, effective rate and take-home pay in Maldivian rufiyaa, and lets you compare any two tax years side by side.
- Select your tax year (2023, 2024, 2025, or 2026).
- Enter your annual gross income in Maldivian rufiyaa (MVR).
- Keep the filing status as Individual.
- Click Calculate to see your income tax, effective rate and take-home pay.
- Turn on the year-comparison view to see two tax years side by side.
Your data never leaves your device — 100% private processing.
How the Maldives’ 0/5.5/8/12/15 income tax works
The Maldives tax income on a progressive scale: the first MVR 720,000 a year is tax-free, then 5.5%, 8%, 12% and 15% bands apply up to and above MVR 2,400,000. The scale has applied since the 2020 income-tax law and is stable across 2023 to 2026.
Pension contribution not modelled here
Employees also contribute 7% to the Maldives Retirement Pension Scheme. It is documented but not deducted, so the calculator shows income tax on gross as a transparent estimate. Consult the Maldives Inland Revenue Authority for exact figures.
Worked examples
Income MVR 720,000, 2026
Inputs: MVR 720,000 income
Result: MVR 0 income tax (within tax-free band) · take-home MVR 720,000
Income MVR 1,200,000, 2026
Inputs: MVR 1,200,000 income
Result: MVR 26,400 income tax (5.5% band) · take-home MVR 1,173,600
Income MVR 2,500,000, 2026
Inputs: MVR 2,500,000 income
Result: MVR 161,400 income tax (up to 15%) · take-home MVR 2,338,600
Glossary
- Taxable income
- Income remaining after eligible deductions and exemptions that tax rates are applied to.
- Progressive tax
- A system where higher portions of income are taxed at higher marginal rates.
- Marginal rate
- The tax rate that applies to your next unit of taxable income within its bracket.
- Net income
- Take-home income after taxes and mandatory contributions are subtracted from gross pay.
Related reading
Frequently Asked Questions
Why use Maldives Income Tax Calculator?
- Calculates Maldives’s progressive 0/5.5/8/12/15 for any year from 2023 to 2026
- Shows your effective rate and take-home pay in Maldivian rufiyaa
- Compares two Maldives tax years side by side with the year-comparison view
- Runs entirely in your browser — your Maldives salary figures never leave your device
- Links the official Maldives sources so you can verify every number
Common use cases
- Estimate the tax on a Maldives salary before accepting a job offer
- Work out your monthly take-home pay in Maldivian rufiyaa
- Compare a Maldives salary against an offer elsewhere
- Check how your effective rate changes as your salary rises
- Explain a Maldives payslip to a new hire
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