Malta: Individual Tax Rates

04 March 2020

See the rates outlined here

Residents individuals

Generally, there are three sets of rates which apply to resident as outlined hereunder:

Married Rates 
Chargeable Income  €  Rate Deduct  €
0 – 11,900 0% 0
11,901 – 21,200 15% 1,795
21.201 – 60,000 25% 3,905
60,001 and over 35% 9,905

 

Single Rates
Chargeable Income € Rate  Deduct €
0 – 8,500  0%  0
8,501 – 14,500  15%  1,275
14,501 – 60,000  25%  2,725
60,001 and over  35%  8,725

 

Parents Rates
Chargeable Income € Rate Deduct €
0 – 9,800  0%  0
9,801 – 15,800  15%  1,470
15,801 – 60,000  25%  3,050
60,001 and over  35%  9,050

 

In order to qualify for ‘Parent Rates’, a parent must satisfy these conditions:

  1. s/he maintained under his/her custody a child or paid maintenance (established or authorised by courts) in respect of his or her child;
  2. such child was not over 18 years of age, or not over 21 years if receiving full-time instruction at a tertiary education establishment;
  3. such child did not earn income in excess of €2,400 from gainful occupation.

Non Residents Individuals

Individuals who stay in Malta for less than 6 months are considered to be non-residents and pay tax at non-resident rates. The rates of tax which apply to non-residents are uniform. Unlike residents, non-residents do not have the right to use joint computations, and  are taxed at the following rates:

Exceeding Not Exceeding Rate  Deduct  
 €  %  €
 0  700  0 0
701  3,100 20 140
3,101  7,800 30 450
7,801 35 840

Contact Rudolph Psaila to find out more.

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