unusually low tax rate
Exemption from Customs
Vehicle Registration Fees
Repatriation of your
capital and income
No death duties are
payable in Malta
1. A low flat tax rate
A flat rate of 15% is
chargeable on all income (less personal allowances) received in, or
remitted to, Malta from either local or foreign sources. This is subject
to a minimum payment of EUR4,230 (approx. US$4,900) per annum.
[Read more about the
Tax system applicable to Permanent Residents of Malta]
Exemption from Customs Duty/VAT
Your used household and
personal effects, furniture and other domestic articles (excluding
firearms and weapons of all kinds) may be imported free of import duty if
imported within six months of your arrival in Malta to take up residence.
In such cases import licenses are not required.
Click here for more info about
importation of motor vehicles.
3. Complete Freedom of Movement
There are no annual minimum stay requirements. A Malta permanent resident may
travel to and from Malta freely without the need of applying for a visa or
extensions of stay.
4. Vehicle Registration Fees
Malta Permanent Residents are
allowed to register their imported vehicle at preferential rates.
[Read more about
applicable to the importation of cars.]
5. Repatriation of
your capital and income
Proceeds from the sale of
property, encashment of investments, local income and excess income
brought into Malta may be freely repatriated by permanent residents,
provided that any tax due has been settled.
6. Rental of Property
Owners of properties with
swimming pools or properties enjoying the use of swimming pools are
allowed to rent them out, provided that such properties are licensed as
holiday accommodation by the Hotels and Catering Establishments Board. All
income thereon, is of course, subject to the 15% tax rate mentioned in (1)
above and may be repatriated as in (5) above. Leased
properties may not be sub-let.
7. No death duties are
payable in Malta
1. If a property is purchased
in one name, the heirs of the deceased have to pay 7% provisional tax on
the value of the property declared. This value will in turn be verified by
an appointed architect.
2. If a property is bought
jointly and one of the parties passes away, provisional tax of 7% is only
paid on half the estate, i.e. half the value as stated in (1).
Though no death duties are
payable in Malta, Transfer duty (according to the Duty of Documents and
Transfers Act, 1993) is charged on:
For more information about the Malta
Residence Scheme, click
on the links on the left hand menu of this page.