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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.

Consulting Services to Invoice

  • Strategy consulting
  • Management consulting
  • Advisory services
  • Workshop facilitation
  • Retainer arrangements
  • Project consulting

Invoice Requirements in Maldives

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

Payment Terms

Net 30 is standard. Milestone payments for large engagements.

ކޭޝް15 ދުވަސް30 ދުވަސްދެއްކުމުގެ މުއްދަތު

Payment Methods in Maldives

Bank TransferBMLMIBCredit CardCash

Consulting Invoice Tips

  • Include professional credentials
  • Break down phases clearly
  • Document deliverables
  • Consider value-based pricing
  • Reference engagement letter

Frequently Asked Questions

What tax rate applies to consulting 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 consultings in Maldives?

Common payment methods in Maldives include: Bank Transfer, BML, MIB, Credit Card, Cash. Net 30 is standard. Milestone payments for large engagements.

What should consulting invoices include in Maldives?

Your invoice should include: Business registration, GST number, Client details, Invoice number. For consulting services specifically, also include: Strategy consulting, Management consulting, Advisory services.

How should consultants structure invoices?

Include engagement reference, billing period, hours or deliverables, expenses, and payment terms.

Should consultants charge for travel?

Yes, charge 50% of hourly rate for travel or include in project fee. State policy upfront.

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.