The tax regime in Malta is one that portrays the island as an ideal destination for both relocation or as a location where to establish one’s holiday home. Foreign permanent residents are subject to just a 15% tax rate whilst the rate for non-permanent residents may only go up to 35%.

Double taxation agreements between Malta and foreign countries ensure that the permanent resident will not pay taxes twice.

Additionally, there is no annual tax on property and no local council taxes either.

For additional information with regards to this subject visit…

www.malta-tax.com
www.legal-malta.com

Residency

Residency permits do not require periodic renewal but are simply monitored by the Inland Revenue Department once every year.

Rental Investment

Property purchased can be rented out as long as one has first acquired a holiday flat license by the Malta Tourism Authority.

For a more comprehensive explanation of all the above mentioned subjects we can set up contact with our trusted notarial studio. The professional assistance received will ensure that all your important questions are answered.