Belize
7.4/10
32nd of 217
Belize or Maldives: which taxes less?
Both tax systems side by side, headline rates and the gap between them.
Level pegging: Belize and Maldives weigh about the same on the taxpayer.
Maldives
7.4/10
29th of 217
| Tax | Belize | Maldives | Gap |
|---|---|---|---|
| Corporate income tax headline rate | 1.75% | 15% | −13.3 points |
| Personal income tax top bracket | 0% to 25% | 0% to 15% | +10.0 points |
| VAT standard rate | 12.5% | 6% | +6.5 points |
Detailed schedules
Corporate income tax
Belize
| Trade and various activities base: gross receipts, not profit | 1.75% |
| Rents and real estate royalties base: gross receipts | 3% |
| Liberal professions base: gross receipts | 6% |
| Corporate income tax, for comparison | 25% |
Maldives
| Profit over 500,000 MVR | 15% |
| Profit up to 500,000 MVR | 0% |
| Banks on total profit | 25% |
- Belize : www.belize.org
- Maldives : www.mira.gov.mv