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Maldives Tax Information

8% GST

GST is 8% standard, 6% for tourism goods and services. Registration required above MVR 1 million turnover.

Business Coach Services to Invoice

  • One-on-one coaching
  • Group coaching
  • Strategy sessions
  • VIP days
  • Mastermind groups
  • Workshops
  • Assessment

Invoice Requirements in Maldives

Business registration
GST number
Client details
Invoice number
GST breakdown
Total in MVR

Payment Terms

Programs paid in full or 2-3 payments. VIP days require full payment upfront.

ކޭޝް15 ދުވަސް30 ދުވަސްދެއްކުމުގެ މުއްދަތު

Payment Methods in Maldives

Bank TransferBMLMIBCredit CardCash

Business Coach Invoice Tips

  • Include package details
  • Reference coaching agreement
  • Track session dates
  • Note program milestones
  • Include bonuses delivered

Frequently Asked Questions

What tax rate applies to business coach invoices in Maldives?

Maldives has 8% GST. GST is 8% standard, 6% for tourism goods and services. Registration required above MVR 1 million turnover.

What payment methods are common for business coachs in Maldives?

Common payment methods in Maldives include: Bank Transfer, BML, MIB, Credit Card, Cash. Programs paid in full or 2-3 payments. VIP days require full payment upfront.

What should business coach invoices include in Maldives?

Your invoice should include: Business registration, GST number, Client details, Invoice number. For business coach services specifically, also include: One-on-one coaching, Group coaching, Strategy sessions.

How should coaches price packages?

Price based on transformation delivered. Package sessions for better value and commitment.

Should coaches require payment upfront?

Yes, upfront payment ensures commitment. Offer payment plans for higher-ticket programs.

What GST rates apply in Maldives?

Maldives has 8% standard GST and 6% for tourism-related goods and services. Some essential items zero-rated. Exports typically zero-rated. TGST (Tourism GST) at 16% on tourism services.