- Company Taxation:Companies registered in Malta are subject to income tax and tax on capital gains at 35% in accordance with the “Income Tax Act” and there is no separate law charging corporation tax.
- Double Taxation:Malta currently maintains a large list of double tax treaties with foreign countries. Currently there are 67 Double Tax Treaties and the list is expected to grow to 75 in the coming year.
- Personal Taxation:Income taxable in Malta includes gains and profits from any trade, business, profession or vocation; gains or profits from any employment or office; dividends and interest; pensions, annuities or other annual payments; and rents, royalties or other profits derived from ownership of property.
- Company Tax Incentives: The tax measures currently in force in Malta provide excellent opportunities to those companies set up to carry out international trading as well as investment and holding activities.
- Personal Tax Incentives:The High Net Worth Individuals Scheme (IIP) is an incentive to attract foreign high net worth individuals to acquire a tax residence status in Malta so as to benefit from a beneficial tax rate of 15% on funds remitted to Malta.
- VAT:While the standard VAT rate in Malta is 18%, a reduced rate may be charged in respect of certain supplies and services
