Taxation in Malta
Income Tax
An individual is considered a Maltese resident, if they spend at least 183 days in any calendar year, in the State.
Non residents with rental income from a Maltese property are liable to Maltese Income Tax.
The Tax year in Malta is the calendar year. The date of filing an annual return is August 30.
Non-resident individuals in receipt of rental income are liable to Income Tax at 15%. Against this income, an allowable deduction of 20% of the gross income is permitted for tax purposes
At present Ireland does not have a tax treaty agreement with Malta.
Capital Gains Tax
Income from capital gains is added to the other regular income. Sale of real estate owned by an individual for at least 3 years is exempt.
Stamp Duty
The rate of stamp duty is 10cent for every LM25.