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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.

Freelancer Services to Invoice

  • Hourly consulting
  • Project-based work
  • Retainer agreements
  • Milestone billing
  • Rush/priority fees

Invoice Requirements in Maldives

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

Payment Terms

Net 14 or Net 30 is standard. Consider 25-50% deposits for larger projects.

ކޭޝް15 ދުވަސް30 ދުވަސްދެއްކުމުގެ މުއްދަތު

Payment Methods in Maldives

Bank TransferBMLMIBCredit CardCash

Freelancer Invoice Tips

  • Always use a unique invoice number
  • Clearly state payment terms upfront
  • Include detailed breakdown of work
  • Add late payment fees
  • Keep copies for tax purposes

Frequently Asked Questions

What tax rate applies to freelancer 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 freelancers in Maldives?

Common payment methods in Maldives include: Bank Transfer, BML, MIB, Credit Card, Cash. Net 14 or Net 30 is standard. Consider 25-50% deposits for larger projects.

What should freelancer invoices include in Maldives?

Your invoice should include: Business registration, GST number, Client details, Invoice number. For freelancer services specifically, also include: Hourly consulting, Project-based work, Retainer agreements.

How do I invoice for hourly freelance work?

List each task with hours worked and hourly rate. Include dates and detailed descriptions.

Should I charge a deposit as a freelancer?

Yes, especially for larger projects. A 25-50% deposit protects you from non-payment.

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.