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Bank Corporate Income Tax (Local Currency) in Maldives

Source: IMF
Last Updated: July 24, 2023

Bank corporate income tax reached MVR 386 mil in 2020 in Maldives, according to the National Central Bank. This is 42.9% less than in the previous year.

Historically, bank corporate income tax in Maldives reached an all time high of MVR 688 mil in 2016 and an all time low of MVR 299 mil in 2012.

Maldives has been ranked 47th within the group of 58 countries we follow in terms of bank corporate income tax.

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