Expense management module › Global expense management › Maldives
Last updated : 11.05.2026
Expense rules in Maldives.
Maldives applies TGST (Tourism VAT) at 16% and GST at 8%. Indian Ocean tourism hub.
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1Expense rules & reclaimable VAT
TGST 16% on tourism/lodging, GST 8% on other goods and services.
| Category | VAT | Reclaim | Cap / Note |
|---|---|---|---|
| Meals | 8% | Deductible | Tax invoice + TIN |
| Lodging | 16% | Deductible | TGST |
| Alcohol | 16% | Limited | Excluded |
| Fuel | 8% | Deductible | Invoice |
| Transport | 8% | Deductible | Taxi/seaplane |
| Gifts | 8% | Non-deductible | Cap |
Receipt
Tax invoice
TIN mandatory
SourcesMaldives Revenue Authority
2Mileage allowance
Actual + boat transfers.
| Mode | Allowance | Cap | Note |
|---|---|---|---|
| Personal car | – | Fuel | Invoice |
| Company car | – | Card | – |
| Speedboat/seaplane | – | 100% receipt | Invoice |
Tracking
Logbook
Date, distance
SourcesMaldives Revenue Authority
3Per diem and travel allowances
Company policy in USD (tourism).
| Destination | Meal | Lodging / night | Daily rate |
|---|---|---|---|
| Male | $30 | $120 | $200 |
| Resort island | $50 | $200 | $400 |
| Hulhumale | $28 | $110 | $180 |
| Other atolls | $25 | $100 | $170 |
Currency
USD
MVR pegged to USD
SourcesMaldives Revenue Authority
4Foreign VAT recovery
Residents only.
| Zone | Mechanism | Deadline | Method |
|---|---|---|---|
| Resident | Credit | Monthly | Return |
| Non-resident | None | – | Final cost |
| SEZ | Incentives | Per approval | Regime |
Limitations
5 years
Keep
SourcesMaldives Revenue Authority
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