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).