EU Registration Card
Malta encourages foreigners to take up residence in Malta. The policy is supported
by an attractive tax structure, amongst other advantages. Foreigners residing in
Malta are not taxed on their worldwide income but only on Maltese source income
and on foreign income remitted to Malta. Malta’s tax legislation provides for relief
from double taxation, whether through negotiated double tax agreements with a substantial
number of countries worldwide, or through unilateral provisions. Certain foreign
income remitted to Malta qualifies for a reduced withholding rate of foreign tax
(this applies typically to dividends, interest and royalties), or is exempt from
foreign tax (this applies typically to private pensions and to certain capital gains).
The provisions of each particular treaty entered into by Malta must, however, be
consulted to determine eligibility.
EU Registration Certificate
EU nationals intending to take up residence in Malta must register with the local
Immigration Authority as well as the Tax Department. An EU national shall be allowed
to stay in Malta providing that he has enough funds to sustain himself, private
or State health cover and a place of abode.
Taxation
For tax purposes an individual is normally regarded as being resident in Malta for
particular year if, in that year, his stay in Malta exceeds 183 days. As already
noted, however, foreigners residing in Malta are not taxed on their worldwide income,
but only on Maltese source income and capital gains and on foreign source income
remitted to Malta. Foreign source capital gains are not taxed even if remitted to
Malta. The applicable income tax rates (Rates for Basis Year 2016 Year of Assesment
2017) are, however, the normal rates of income tax applicable to residents, which
are as follows:
|
Married
|
Single
|
Parent
|
|
Income, Euros
|
Tax Rate
|
Income, Euros
|
Tax Rate
|
Income, Euros
|
Tax Rate
|
|
0 - 12,700
|
Tax Free
|
0 - 9,100
|
Tax Free
|
0 - 10,500
|
Tax Free
|
|
12,701 - 21,200
|
15%
|
9,101 - 14,500
|
15%
|
10,501 - 15,800
|
15%
|
|
21,201 - 28,700
|
25%
|
14,501 – 19,500
|
25%
|
15,801 – 21,200
|
25%
|
|
28,701 - 60,000
|
25%
|
19,501 – 60,000
|
25%
|
21,201 – 60,000
|
25%
|
|
over 60,001
|
35%
|
over 60,001
|
35%
|
over 60,001
|
35%
|
Household Effects
EU Citizens may import their household effects into Malta free of VAT and import
duties.
Car
EU citizens may register a car in Malta without the payment of any tax provided
that they can prove that they have transferred their residence to Malta and have
owned the car for 24 months prior to it being brought into Malta. The car must be
brought into Malta within 12 months of taking up residence.
We will also personally assist you throughout the documents preparation process
and application to ensure success in application. We will also follow on other basic
services to facilitate your life here in Malta such as guidance to opening of bank
accounts, European Health Insurance, ID cards etc. We also offer recommendations
with regards to immovable property purchase and rental. We are not affiliated with
any specific estate agents thus ensuring that any third party advice opinion you
require from us with regards to real estate purchase or rental is not partial or
biased.