Spain vs Maldives
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ช๐ธ Spain โ Autonomous Community & Municipal Taxes
Spain's 17 autonomous communities set their own half of income tax. Madrid applies significant reductions while Catalonia has higher regional rates. The Basque Country and Navarre have special tax regimes (concierto econรณmico). Municipal taxes include IBI (property tax) and IAE (business activity tax). Effective top rates (national + regional) range from ~43% (Madrid) to ~54% in some communities.
๐ฒ๐ป 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.
Spain vs Maldives: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ช๐ธ Spain has a higher top income tax rate (19โ47% vs 0โ15%). ๐ฒ๐ป Maldives is more favourable for high earners.
๐ VAT/Sales Tax: Spain has a higher consumption tax (4โ21% vs 8โ16%).
๐ข Corporate Tax: ๐ฒ๐ป Maldives offers a lower corporate rate (15% vs 25%), which can influence business location decisions.
๐ Capital Gains: ๐ฒ๐ป Maldives taxes investment gains at a lower rate (15% vs 28%), benefiting investors.