In accordance with Legal Notice 277 of 2023, Malta has implemented the Income Tax Regulations pertinent to Nomad Residence Permit holders. Individuals granted a residence permit after January 1st, 2024, will enjoy a 12-month period, commencing from the issuance date of their Nomad Permit, during which their income arising from “authorized work” remains exempt from income tax in Malta. Subsequently, a fixed rate of 10% will be applicable. Applicants are required to formally declare to the Residency Malta Agency that their residency in Malta over the past 12 months is not of a casual nature.
For individuals already in possession of Nomad Residence Permits, no income tax will be levied on income derived from “authorized work” preceding January 1st, 2024.