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Maldives vs Malawi
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ฒ๐Ÿ‡ป Maldives
vs
๐Ÿ‡ฒ๐Ÿ‡ผ Malawi
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0โ€“15%
15% top; tourism revenue recovery
No change
0โ€“35%
35% top; IMF program conditions
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
8โ€“16%
T-GST 16% maintained; key revenue source
No change
16.5%
16.5% VAT maintained
No change
Corporate Tax Rate
Corporate Tax Rate
15%
BPT 15% maintained
No change
30%
30%; mining sector developing
No change
Capital Gains Tax
Capital Gains Tax
15%
15% via BPT
No change
30%
30% CGT maintained
No change
Social Security & Payroll
Social Security / Payroll
~14%
Pension reform; sustainability challenge
No change
~10%
MASM; pension coverage expanding
No change
State, Regional & Local Taxes

๐Ÿ‡ฒ๐Ÿ‡ป Maldives โ€” Island Council Taxes

The Maldives has 188 inhabited islands across 26 atolls administered by island and atoll councils. Councils have limited taxing powers โ€” primarily fees for services. The Maldives Inland Revenue Authority (MIRA) administers all national taxes. Tourism dominates the economy (>60% of GDP via resort islands). The Business Profit Tax (BPT) at 15% and the Tourism Goods and Services Tax (T-GST at 16%) are major revenue sources. No personal income tax exists for residents earning under certain thresholds.

๐Ÿ‡ฒ๐Ÿ‡ผ Malawi โ€” District & City Councils

Malawi's 28 district councils and city/town assemblies levy property rates, trading licences, and local service charges. The Malawi Revenue Authority (MRA) administers national taxes. Malawi is landlocked and one of the world's poorest countries โ€” highly dependent on tobacco exports (declining due to health campaigns), tea, and sugar, plus significant international aid. An IMF Extended Credit Facility has been supporting fiscal consolidation. The kwacha has experienced significant depreciation, complicating tax bracket real values over time.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Maldives vs Malawi: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฒ๐Ÿ‡ผ Malawi has a higher top income tax rate (0โ€“15% vs 0โ€“35%). ๐Ÿ‡ฒ๐Ÿ‡ป Maldives is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Both countries have comparable consumption tax rates (8โ€“16% vs 16.5%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฒ๐Ÿ‡ป Maldives offers a lower corporate rate (15% vs 30%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฒ๐Ÿ‡ป Maldives taxes investment gains at a lower rate (15% vs 30%), benefiting investors.

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