The Maltese tax system favours investment services
expatriates by extending generous exemptions from tax for the period from the
year preceding the first year of assessment in which he is first liable to tax
under the provisions of this Act up to and including the year preceding the
tenth year of assessment.
Investment services expats are exempt from tax on income
relating to the following expenditure for the expatriate and/or his immediate
family that is incurred by the investment services company of which he is an
employee or to which he provides investment services, namely:
(a) removal costs in respect of relocation to or from Malta;
(b) accommodation expenses incurred in Malta;
(c) travel costs in respect of visits by the investment
services expatriate or insurance expatriate and his immediate family to or from
Malta;
(d) provision of a car for the use of the investment
services expatriate or insurance expatriate in Malta;
(e) a subvention (subsidy) of not more than six hundred euro
(600) per calendar month;
(f) medical expenses and medical insurance; and
(g) school fees in respect of the children of the investment
services expatriate or insurance expatriate.
An investment services expatriate is also treated as not
resident in Malta for the purposes of article 12(1)(c).
Essentially, the above favourable tax treatment consists in:
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