Tax In Malta
The tax system in Malta is favourable to say the least. There is no tax on donation, no wealth tax, inheritance tax or estate and gift tax.
The tax system in Malta is favourable to say the least. There is no tax on donation, no wealth tax, inheritance tax or estate and gift tax.
Maltese legislation provides for four types of relief from double taxation of foreign source income: Treaty Relief, Commonwealth Relief, Unilateral Relief, Flat Rate Foreign Tax Credit (FRFTC).
Citizens of all EU member states do not require any permit to buy their primary residence in Malta. However they do require a permit if they wish to buy immovable property in Malta as a secondary residence, unless they have not resided in Malta for at least five years before the date of purchase.
In 2014 the Maltese Government has launched DIGITAL MALTA which is a vision for the county to prosper as a digitally-enabled nation in all sectors of society.
The Maltese VAT Act is based on the VAT Directives of the European Union. Value added tax is levied on the supply of goods and services in Malta.