There are some unique rules that are applicable to taxation of non-resident international airlines and shipping operators.
Income specified in the section 11(r) of the ITA [“S.11(r) Income”] is taxed on gross basis at the rate of 2%. No deductions are allowed against S.11(r) Income.
S.11(r) Income is income derived by a non-resident shipping or aircraft operator in international transportation that has a permanent establishment in the Maldives, from carrying passengers or livestock or mail or parcels or merchandise or goods on an aircraft or a ship which departs from a place located in the Maldives.
The following income are excluded from taxation at the rate of 2%.