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Tax Advantages & Residency
Temporary Residents (Extended Tourist Visa)
If a temporary resident exceeds their permitted stay, they are liable to pay local rates of income tax on funds brought into the country.
Returned Migrants
Returned Migrants (persons born in Malta but not Nationals) need to apply for residency status (Permanent or Ordinary).
Should retuned migrants choose to work, then standard tax rates (35%) are applicable to income derived from local employment.
Ordinary Residence (EU Nationals only)
No minimum annual tax
No tax on funds outside of Malta
No tax on income earned outside Malta (unless brought into the country)
No purchase of property required, (a minimum of Eur4,200 (Lm1, 803.06) rental per annum if no property owned)
No required investment
No inheritance tax
No wealth tax
One-day processing
Low tax rates on remitted income
No minimum stay
|
Married Couples |
Single Persons | ||||
|
Income (€) |
Tax |
Credit |
Income (€) |
Tax |
Credit |
|
0 - 11,400 |
0% |
0 |
0 - 8,150 |
0% |
0 |
|
11,401 - |
15% |
1,710 |
8,151 - |
15% |
1,222.50 |
|
20,501 - |
25% |
3,760 |
14,001 - |
25% |
2,622.50 |
|
Over 28,000 |
35% |
6,560 |
Over 19,001 |
35% |
4,522.50 |
Permanent Residency (all Nationalities)
No tax on funds outside of Malta
Minimum annual tax of Eur4,200 (Lm1, 803.06)
No tax on income earned outside Malta (unless brought into the country)
No purchase of property required, (a minimum of Eur4,200 (Lm1, 803.06) rental per annum if no property owned)
No required investment
No inheritance tax
No wealth tax
Easy qualification requirements
Fixed tax rate of 15% on income remitted to Malta
No minimum stay
|
Married Couples and Single Persons | |||
|
Income (in €) |
Tax at 15% |
Tax top up |
Total tax |
|
0 |
0 |
4,200 |
4,200 |
|
10,000 |
1,500 |
2,700 |
4,200 |
|
15,000 |
2,250 |
1,950 |
4,200 |
|
20,000 |
3,000 |
1,200 |
4,200 |
|
28,000 |
4,200 |
0 |
4,200 |
|
Over 28,000 |
15% flat rate |
||
Which Residency?
EU Nationals not intending to reside in Malta for any length of time but are becoming resident for tax purposes will find that Ordinary Residency will have less taxation liability than Permanent Residency.
EU Nationals intending to live in Malta for long periods of time will find that Permanent Residency is more beneficial. This is because more money will be needed to be remitted for local expenditure thus a capped tax rate of 15% is more favourable.
It is possible to EU nationals to convert from one residency status to the other.