We are proud to offer a careful selection of properties throughout the Maltese Islands. Our aim is to present you with the best value quality homes and investments to suit your requirements. We look forward to servicing your needs.
BUILT ON A TRADITION OF QUALITY SERVICE SINCE 1969
Malta’s tax legislation provides for relief from double taxation, whether through negotiated tax agreements with a substantial number of countries worldwide or through unilateral provisions. Certain foreign income remitted to Malta qualifies for a reduced withholding rate of foreign tax (this applies typically to individuals, interest and royalties) or is exempt from foreign tax (this applies typically to private pensions and to certain capital gains).
A low flat rate of income tax of 15% with a minimum tax liability of € 4,193 per annum after double taxation relief. The tax is calculated on income and capital gains arising in Malta and on foreign income (excluding capital gains) remitted to Malta.
The holder of a Permanent Residence Permit is not subject to tax on worldwide income. Foreign source income is taxed in Malta to the extent that it is received in or remitted to Malta
The issue of a certificate typically takes around three months from the date of the application. The minimum amount of tax shall be payable within thirty days of approval of the application and shall be credited against the tax due for the first year of residence. The holder of a permit must take up residence within 12 months from the issue of the said permit.
In order to encourage the growth of international trade, including that of financial services, successive Maltese Governments have sought to conclude double taxation treaties with important trading partners as well as emerging countries. This policy is expected to continue in the future. To date, treaties are in force with 41 countries. The provisions of each particular treaty entered into by Malta must, however, be consulted to determine the treatment of each item of income in each particular case.
