CFCs are allowed tax credit under Section 72 of the Income Tax Act of Maldives. 
Where any person resident in the Maldives has paid tax in a foreign country or territory on any part of the person’s income which arises from a source outside Maldives and which is also chargeable to tax under this Act in any accounting period, that person shall be
entitled to deduct from the amount of tax imposed under this Act an amount equal to the lesser of:
(1) the amount of foreign tax paid;
(2) tax payable in the Maldives from the net amount of foreign sourced income