Maldives vs Suriname
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
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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.
๐ธ๐ท Suriname โ District Administrations
Suriname's 10 districts have limited local taxing authority within national frameworks. The Surinaamse Belastingdienst administers national taxes. Suriname went through a severe debt crisis in 2020โ21 and defaulted on its sovereign debt; an IMF program is stabilizing the economy. Oil (Staatsolie) and gold mining are dominant revenue sources. A major TotalEnergies offshore oil discovery (Block 58) is advancing toward production. Suriname uses the Surinamese dollar (SRD); significant devaluation has affected the real tax burden.
Maldives vs Suriname: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ธ๐ท Suriname has a higher top income tax rate (0โ15% vs 0โ38%). ๐ฒ๐ป Maldives is more favourable for high earners.
๐ VAT/Sales Tax: Maldives has a higher consumption tax (8โ16% vs 10%).
๐ข Corporate Tax: ๐ฒ๐ป Maldives offers a lower corporate rate (15% vs 36%), which can influence business location decisions.
๐ Capital Gains: ๐ฒ๐ป Maldives taxes investment gains at a lower rate (15% vs 36%), benefiting investors.