Taxation of Individuals
Personal income tax is charged at progressive rates of tax up to a maximum of 35 per cent, as illustrated by the following charts: Single RatesMarried ratesParent ratesSingle Rates Married rates Parent rates
Business Incentives
Malta offers various business incentives for facilitating the setting up and growth of businesses.
Malta’s Business Environment
The Maltese business environment is one of change and diversification. From an agrarian base Malta has expanded financial services.
Tax Implications of setting up in Malta
Malta offers a liberal tax regime and recent enactments have provided greater flexibility for (specific) sectors to benefit form a more favourable tax regime.
Legal Implications of setting up in Malta
As a member of the European Union, Malta has synchronised its laws to the European Aquis and legal implications offer the protection of the European system to all its settlers.
About Malta
Although being the smallest of the European Union’s member states, Malta is emerging as one of the fastest growing financial services centers. English, a joint official language with Maltese, is universally spoken and written and is the language of education and business.
Advance Revenue Ruling Malta
An advance revenue ruling may be obtained from the Commissioner of Inland Revenue in Malta to confirm whether the participation qualifies as a ‘participating holding‘.
Participating Exemption
Income derived from a participating holding or from the disposal of such holding will qualify for a participating exemption, which is intended to exempt from tax dividends and gains derived from such holdings.
Full Imputation System
Malta adopts the Full Imputation System where dividends paid by a Maltese resident company carry a tax credit equivalent to the tax incurred by the company on the profits out of which the dividends have been paid.
Taxation of Malta Companies
The taxation of Malta companies can be difficult to understand at first sight, but we are here to break it down for you!