Tax
Insight and innovation to guide you through an ever-evolving tax landscape.
Notwithstanding this, an individual will automatically be considered as a resident in Malta if during a particular year he/she is present in Malta for more than six months in one calendar year.
Taxability of foreigners who take up residence in Malta
Foreign residents in Malta are:
Individuals who are subject to tax on a source and remittance basis (resident but not domiciled) have a minimum tax liability of €5,000. This minimum tax does not apply to individuals whose foreign income is less than €35,000.
Income tax rates applicable to Maltese residents are the following:
Parent rates € | % | Married rates | € | Parent rates | € |
0 - 9,100 | 0 | 0 - 12,700 | 0 | 0 - 10,500 | 0 |
9,101 - 14,500 | 15 | 12,701 - 21,200 | 15 | 10,501 - 15,800 | 15 |
14,501 - 19,500 | 25 | 21,201 - 28,700 | 25 | 15,801 - 21,200 | 25 |
19,501 - 60,000 | 25 | 28,701 - 60,000 | 25 | 21,201 - 60,000 | 25 |
60,001 & over | 35 | 60,001 & over | 35 | 60,001 & over | 35 |
Source: https://cfr.gov.mt/en/rates/Pages/TaxRates/Tax-Rates-2024.aspx
Individuals who take up residence in Malta and acquire property or rent property in Malta may apply for a special tax programme through which they will be subject to tax at 15% flat tax rate, yet subject to a minimum tax payment. The most commonly used programmes are:
Individuals who occupy a senior position in a company that is licensed with the Malta Financial Services Authority (MFSA), Malta Gaming Authority (MGA), undertakings holding an air operators certificate or an aerodome license issued by Transport Malta, or the Assisted Reproductive Technology sector may qualify for a flat tax rate of 15% on their employment income, provided that the annual salary is at least €98,436 for basis year 2024, revised annually in accordance with the retail price index published by the National statistics office.
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