Calculate GST with this simple Maldivian GST calculator. It can be used as well as reverse Goods and Services calculator. It is easy to calculate GST inclusive and exclusive prices.
What is GST rate in Maldives?
Current GST rate in Maldives is 8% for goods and services. There is also 16% Tourism goods and services (TGST).
Zero-rated goods and services in Maldives
Essential goods specified in the GST Act are taxable at 0%. For example:
- Rice
- Sugar
- Flour
- Salt
- Milk
- Cooking oil
- Eggs
- Tea leaves
- Deep sea fish, reef fish, all types of fish packed in the Maldives, and rihaakuru (fish paste)
- Vegetables such as potatoes, onions, carrots, cabbage, beans and tomatoes
- Ingredients used in making curry paste (cumin, fennel, coriander, turmeric, garlic, ginger, chili, chili powder, cinnamon, cardamom, peppercorn, any other such ingredient)
- Dhiyaahakuru, coconuts (kaashi, kurun’ba, kurolhi)
- All kinds of fruits
- Bread, buns and faaroshi (rusk)
- Baby diapers
- Baby food
- Cooking gas
- Diesel
- Petrol
- Adult diapers
Maldivian Goods and Services tax history
In Maldives the goods and services tax (GST) was introduced on October 2, 2011.
How to calculate 8% Maldivian GST manually
- To calculate Maldivian GST at 8% rate is very easy: just multiple your GST exclusive amount by 0.08.
$300 is GST exclusive value
$300 * 0.08 = $24 GST amount
$300 is GST exclusive value
$300 * 1.08 = $324 GST inclusive amount
- To get GST part of GST inclusive amount you need divide GST inclusive amount by 108 and multiply by 8
$108 is GST inclusive value
($108 / 108) * 8 = $8 GST value
- To get GST exclusive amount while knowing GST inclusive value you need to multiply GST inclusive price by 100 ant then divide result by 108
$432 is GST inclusive value
$432*100=$43200
$43200/ 108 = $400
How to find that GST exclusive amount 1. 06
Enter 1.06 into “Price including GST” and you will get exclusive amount