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Taxation in Malta

  • Incorporation time: 20 days
  • Shelf companies: Yes
  • Accounting: Yes
  • Secretary: Yes
  • Nominee Shareholder: Yes
  • Nominee director: Yes
Tax 5%
1 € = 1.35 USD

Malta’s Tax Rates

Although in theory, corporate tax is 35%, in Malta there are a multitude of advantages offered to foreign investors in order to create more wealth and to consolidate the country’s economy. Investors in industry are offered:

  • 5% tax on trading income instead of the usual 35%.
  • Tax credits according to investments made.
  • Reduced tax on reinvested profits.
  • Attractive and accessible loans and grants.
  • Unlimited work permits for shareholders owning over 40% of the company (relevant only to non-EU clients since EU residents enjoy the right to settle and work in any Member State.

VAT in Malta is 18%, with lower rates for some sectors (hotel industry, electricity) and 0% in some cases (including for medication, food, banking and insurance).

Individual income tax is progressive and is taxed at the following rates:

Personal income (EUR) Tax rate
0 to 8,150 0%
8,151 to 14,000 15%
14,001 to 19,000 25%
19,001 and above 35%

Links :
Malta Tax Centre
Inland Revenue Malta

Accounting Requirements in Malta

In Malta accounting is regulated by the International Accounting Standards. By default the accounting year runs from 1 January to 31 December though companies may elect a different twelve-month period. Annual accounts must be prepared and include a balance sheet, a profit and loss account and appendices. All accounts must be audited.

Links :
International Accounting Standards
Malta Institute of Accountants
Accountancy Board

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