| Chargeable Income (?) |
Tax Rate |
| 0 to 9,100 | 0% |
| 9,101 to 14,500 | 15% |
| 14,501 to 19,500 | 25% |
| 19,501 to 60,000 | 25% |
| 60,001 and over | 35% |
| Chargeable Income (?) |
Tax Rate |
| 0 to 12,700 | 0% |
| 12,701 to 21,200 | 15% |
| 21,201 to 28,700 | 25% |
| 28,701 to 60,000 | 25% |
| 60,001 and over | 35% |
| Chargeable Income (?) |
Tax Rate |
| 0 to 10,500 | 0% |
| 10,501 to 15,800 | 15% |
| 15,801 to 21,200 | 25% |
| 21,201 to 60,000 | 25% |
| 60,001 and over | 35% |
| Chargeable Income (?) |
Tax Rate |
| 0 to 8,500 | 0% |
| 8,501 to 14,500 | 15% |
| 14,501 to 60,000 | 25% |
| 60,001 and over | 35% |
| Chargeable Income (?) |
Tax Rate |
| 0 to 11,900 | 0% |
| 11,901 to 21,200 | 15% |
| 21,201 to 60,000 | 25% |
| 60,001 and over | 35% |
| Chargeable Income (?) |
Tax Rate |
| 0 to 9,800 | 0% |
| 9,801 to 15,800 | 15% |
| 15,801 to 60,000 | 25% |
| 60,001 and over | 35% |
| Chargeable Income (?) |
Tax Rate |
| 0 to 8,500 | 0% |
| 8,501 to 14,500 | 15% |
| 14,501 to 19,500 | 25% |
| 19,501 to 60,000 | 29% |
| 60,001 and over | 35% |
| Chargeable Income (?) |
Tax Rate |
| 0 to 11,900 | 0% |
| 11,901 to 21,200 | 15% |
| 21,201 to 28,700 | 25% |
| 28,701 to 60,000 | 29% |
| 60,001 and over | 35% |
| Chargeable Income (?) |
Tax Rate |
| 0 to 9,800 | 0% |
| 9,801 to 15,800 | 15% |
| 15,801 to 21,200 | 25% |
| 21,201 to 60,000 | 29% |
| 60,001 and over | 35% |
| Chargeable Income (?) |
Tax Rate |
| 0 to 8,500 | 0% |
| 8,501 to 14,500 | 15% |
| 14,501 to 19,500 | 25% |
| 19,501 to 60,000 | 29% |
| 60,001 and over | 35% |
| Chargeable Income (?) |
Tax Rate |
| 0 to 11,900 | 0% |
| 11,901 to 21,200 | 15% |
| 21,201 to 28,700 | 25% |
| 28,701 to 60,000 | 29% |
| 60,001 and over | 35% |
| Chargeable Income (?) |
Tax Rate |
| 0 to 9,800 | 0% |
| 9,801 to 15,800 | 15% |
| 15,801 to 21,200 | 25% |
| 21,201 to 60,000 | 29% |
| 60,001 and over | 35% |
Malta Income Tax Rate for Individual Tax Payers
Corporate Income tax rate is 35%. There are reduced rates for certain companies.
A company is resident if incorporated in Malta. Companies not incorporated in Malta but having their business management in Malta are regarded as resident too.
There is no obligation to deduct tax at source from a dividend paid to foreign residents. There is zero withholding tax on interest and royalties paid to foreign residents.
Passive or capital income from a "participation holding" have participation exemption.
"Participation Holding" is defined in general for holding of 10% or more in a non-resident entity, subject to some alternative tests
Tax Deductions at Source in Malta
Malta tax rates for deduction at source:
Dividends- 0%.
Interest- 0%.
Royalties- 0%.
Malta Dates of filing Returns / Reporting and Payment
Reporting Dates for an Individual in Malta
The tax year is the calendar year ending on 31st December.
The date for filing an annual return is 30th August.
During the year, a self-employed person must make 3 equal advance payments on April 30, August 31 and December 31. The advance payment is based on the taxable income for the previous year.
Should there still be tax payable, it should be paid by the August 31 following the end of the tax year.
An employed person whose employer has deducted monthly tax from his salary is not bound to file an annual return. Nevertheless, an employed person must submit a declaration by June 15.
A similar declaration must be filed by an individual in respect
of his income from a pension, dividend from a local corporation,
and income from an investment in respect of which tax of 15% was
deducted at source.
Reporting and Payment Dates for a Limited Company in Malta
The date for submitting a report is June 30. In practice, a report may be submitted up until September 30.
Advance payments for a company are on the dates and in the amounts specified for an individual.
Annual tax differentials must be paid by September 30.