Maldives vs Switzerland
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.
๐จ๐ญ Switzerland โ Cantonal & Communal Taxes
Switzerland's 26 cantons and ~2,200 communes independently set income and corporate tax rates. Zug (~12% combined top) and Nidwalden are among the lowest globally; Geneva and Vaud reach ~45% combined. Wealth tax is levied by cantons. Pillar Two supplementary tax is active for large MNCs. Inheritance and gift taxes are cantonal.
Maldives vs Switzerland: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฒ๐ป Maldives has a higher top income tax rate (0โ15% vs 0โ11.5%). ๐จ๐ญ Switzerland is more favourable for high earners.
๐ VAT/Sales Tax: Maldives has a higher consumption tax (8โ16% vs 2.6โ8.1%).
๐ข Corporate Tax: ๐ฒ๐ป Maldives offers a lower corporate rate (15% vs 26%), which can influence business location decisions.
๐ Capital Gains: ๐จ๐ญ Switzerland taxes investment gains at a lower rate (0% vs 15%), benefiting investors.