Exempt income

Income types exempt from Income Tax includes;

  • Dividends / Share of partnership profit
    • Dividends distributed by resident companies to its resident shareholders are exempt.
    • Profits distributed by resident partnership to its resident partners are exempt.
  • Interest
    • Interest or profit derived in respect of a security issued by a company listed on the Maldives Stock Exchange.
    • Interest paid on partner’s capital by a resident partnership to resident partners.
  • Taxes imposed under any law
    • Any tax collected by the business including Goods and Services Tax (GST) and Green Tax (GRT).
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