| Country | Summary | Signature | Entry into Force | Effective Date | Status |
| Bilateral Doubble Taxation Avoidance Agreements | |||||
| United Arab Emirates | Double Tax Avoidance Agreement | 17-Oct-17 | 21-Jun-18 | 01-Jan-17 | In Force |
| India | Air Transport Agreement between Maldives and India | 11-Apr-16 | 01-Aug-16 | 01-Jan-17 | In Force |
| Bangladesh | Double Tax Avoidance Agreement | 23-Dec-21 | Awaiting Notification | Awaiting Notification | To be Enforced |
| Multilateral Double Taxation Avoidance Agreement | |||||
| SAARC | SAARC Limited Multiletral Agreement on Avoidance of Double Taxation | 13-Nov-05 | 19-Apr-10 | 01-Jan12 | In Force |
| SAARC | Amendment to SAARC Limited Multiletral Agreement on Avoidance of Double Taxation | 13-Nov-05 | 19-Apr-10 | 01-Jan12 | In Force |
| Tax Information Exchange Agreements | |||||
| India | Agreement for Exchange of Information with Respect to Taxes | 11-Apr-16 | 01-Aug-16 | 01-Aug-16 | In Froce |
| Mutual Administrative Assistnace in Tax Matters | |||||
| Multilateral | Convention on Mutual Administrative Assistance in Tax Matters | 11-Aug-21 | 01-Dec-21 | 01-Jan-22 | In Force |
| Multilateral Framework Agreement | |||||
| Multilateral | Multilateral Competnet Authority Agreement on Automatic Exchange of Country-by-Country Reports | 12-Aug-21 | 01-Dec-21 | 01-Jan-22 | In Force |
| Multilateral | Multilateral Competent Authority Agreement on Automatic Exchange of Financial Accounting Information | 12-Aug-21 | 01-Dec-21 | 01-Jan-21 | In Force |
As per Section 12 (k) of the Income Tax Act, a non-resident owner or charterer of a ship or aircraft may be exempt from the tax if the Commissioner General is satisfied that a reciprocal treatment for Income Tax (or tax similar to income tax) is granted by the taxpayer’s country of residence to a Maldivian resident taxpayer.
For the purposes of Section 12, country of residence is determined based on the location of the taxpayer’s central management and control. If that location cannot be ascertained, the residence of that company shall be deemed to be the place of incorporation or registration of that company.
A person may apply for the exemption specified in Section 12(k) of the Act by submitting the application for exemption (MIRA 607) form, together with the information and documents specified therein to MIRA.