What is the personal income tax in Malta if you live there?

[TheCollector]

Do anyone know what the personal income tax is in Malta if you live there?


Are there special tax regulations if you earn your money abroad but live in Malta?

 

[JohnLocke]

I don't know about Malta Tax, but a quick google search pulled up the website from the Malta Inland Revenue Inland Revenue Malta - 2012 Tax Bands


Would be nice if someone could confirm the rate of 0.35% if it is true it looks pretty tempting for anyone with some income to move there..

 

[JohnLocke]

The below is Interesting:

An individual who is a Maltese Resident pays tax on his income as a wage earner or as a self-employed person. A person who meets the criteria of a "permanent resident" (usually, a stay of more than 183 days a year) will be taxed on his income in Malta and overseas. A foreign resident who is employed in Malta pays tax only on the income he earns in Malta.

Otherwise I see the rates are similar to Cyprus:


[TABLE=align: center]


[TR=bgcolor: #ffd4a8]


[TH=align: center]Tax base (EUR)


[/TH]


[TH=align: center]%[/TH]


[/TR]


[TR]


[TD=align: center]8,500


[/TD]


[TD=align: center]0%[/TD]


[/TR]


[TR]


[TD=align: center]8,501-14,500


[/TD]


[TD=align: center]15%[/TD]


[/TR]


[TR]


[TD=align: center]14,501-19,500


[/TD]


[TD=align: center]25%[/TD]


[/TR]


[TR]


[TD=align: center]19,501 and over


[/TD]


[TD=align: center]35%[/TD]


[/TR]


[/TABLE]


Still this needs to be confirmed.

 

[clemens]

Very helpful, are these tax figures veryfied Admin? I'm considering a trip to Malta to check things out.

 

[JohnLocke]

I found them on a website for Malta incorporation, since we are not operating there I can't tell you if they are verified.


Did you went to Malta?

 

[megamath]

The below is Interesting:
Otherwise I see the rates are similar to Cyprus:


[TABLE=align: center]


[TR=bgcolor: #ffd4a8]


[TH=align: center]Tax base (EUR)


[/TH]


[TH=align: center]%[/TH]


[/TR]


[TR]


[TD=align: center]8,500


[/TD]


[TD=align: center]0%[/TD]


[/TR]


[TR]


[TD=align: center]8,501-14,500


[/TD]


[TD=align: center]15%[/TD]


[/TR]


[TR]


[TD=align: center]14,501-19,500


[/TD]


[TD=align: center]25%[/TD]


[/TR]


[TR]


[TD=align: center]19,501 and over


[/TD]


[TD=align: center]35%[/TD]


[/TR]


[/TABLE]


Still this needs to be confirmed.

Confirmed these figures are true and still valid.

 

[TheCollector]

Thank you.. I visited Malta in the mean time and it's a old island as I see it, good for diving not that bad for business, bad for living.