Parents in Malta, who have their income tax individually calculated use these tax brackets and rates. Non-employment income, such as rental income from an asset the couple owns together, is assigned entirely to the partner with a higher income. That’s mainly because the top tax bracket for married couples and individuals kicks in at the same threshold. If both partners work and make a relatively similar income, it is usually advantageous to elect for the individuals’ scale. Malta’s Income Tax Rates for Married CouplesĬouples in Malta who elect to have their income pooled pay tax on the following scale: Malta has a progressive system of tax brackets that apply to Maltese citizens and certain residents. Individuals in Malta pay income tax on the following scale: Malta’s Personal Tax Rates for Individuals At this point, the rates will stay the same for the 2019 tax year.
The rates listed before are for the 2018 tax year. The bracket you fall into depends on whether you’re filing as an individual, couple or parent. Malta uses a progressive system of tax brackets for calculating how much income tax to levy. That person may elect to either have the couple’s incomes pooled and taxes calculated on the scale for couples or separately, either on the individual scale or the one for parents, depending on whether they have children. Malta has three sets of personal income tax rates - one for individuals, one for parents and one for married couples.Īll married couples in Malta must nominate one spouse who is responsible for filing the couple’s tax return(s). You must be able to prove that you’ve owned your car for at least two years and you must import your car to Malta within your first year after establishing residence here. The rules about bringing a car to Malta from the EU are a bit tricky. Special Tax Rules on What You Can Bring With You When You Relocate to MaltaĮU nationals do not pay tax or duty on their personal and household effects when they move to Malta. There are favourable tax rates in Malta for dividend and interest income earned abroad and remitted to Malta.Pension income from private pension schemes is tax exempt.Capital gains realized abroad (e.g., from selling shares held in a stock portfolio in another country) are tax exempt even if the proceeds are remitted to Malta.These rules apply to everyone but are mostly used by retirees as making living in Malta an even more attractive option. Important Tax Rate Information for Foreign Retirees to Malta In some cases, there is a minimum amount of income tax payable, generally €5,000 – €15,000, depending on the residence scheme. Participants in all of the other programs listed above pay a flat 15% on income made in Malta or remitted to Malta. What is the Tax Rate for All Other Expats? In other words, it is only EU nationals who are granted Ordinary Residence status who are subject to Malta’s progressive tax rates. Income generated abroad that is remit to a Maltese bank account.ĭo note that Malta’s tax rate for expats is different under several special residence schemes including the Global Residence Programme, High Net Worth Individuals Rules, Highly Qualified Persons Rules, Individual Investor Programme and the Permanent Residence Programme.Capital gains derived in Malta (e.g., on the sale of Maltese property).Like several other former British colonies, Malta has a remittance-based tax system for foreigners. Let’s deal first with the most interesting and attractive characteristic of the Maltese tax system. Tax Rates in Malta for Resident Foreigners Other Tax Rate Advantages of Malta’s System.What Deductions Are Available to Individuals?.
Important Tax Rate Information for Foreign Retirees to Malta.What is the Tax Rate for All Other Expats?.Tax Rates in Malta for Resident Foreigners.
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