Maldives: Taxes on goods and services
* indicates monthly or quarterly data series
| Maldives |
Taxes on goods and services, percent of total revenue |
|---|---|
| Latest value | 42.27 |
| Year | 2021 |
| Measure | percent |
| Data availability | 1979 - 2021 |
| Average | 17.50 |
| Min - Max | 5.02 - 42.27 |
| Source | The World Bank |
The latest value from 2021 is 42.27 percent, an increase from 32.9 percent in 2020. In comparison, the world average is 38.96 percent, based on data from 119 countries. Historically, the average for the Maldives from 1979 to 2021 is 17.5 percent. The minimum value, 5.02 percent, was reached in 1979 while the maximum of 42.27 percent was recorded in 2021.
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Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, in dollars | 1.13 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -13.75 | 2023 | percent |
| Government debt | 115.90 | 2023 | percent |
| Tax revenue | 19.45 | 2021 | percent |
| Commercial tax rate | 30.20 | 2019 | percent |
| Tax preparation time | 391 | 2019 | hours |
| Number of taxes | 17 | 2019 | taxes |
| Taxes on goods and services | 42.27 | 2021 | percent |
| Taxes on international trade | 17.70 | 2021 | percent |
| Income and profits taxes | 12.67 | 2021 | percent |
| Foreign aid | 119.12 | 2022 | million U.S. dollars |