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are not subject to any other minimum tax threshold under Maltese law, and.

considered as ordinarily resident but not domiciled in Malta (and who therefore are subject to income tax in Malta on a source and remittance basis).

Individuals who in terms of Maltese tax laws are: The parent rates provide more preferential tax bands in lieu of single/separate tax rates.

such child is not gainfully occupied, or, if gainfully employed, does not earn more than EUR 3,400 per annum.

such child is less than 18 years of age (or between 18 and 23 years of age if attending full-time education at a university, college, or other educational establishment ), and.

The parent rates can be claimed by individuals who maintain under their custody a child, or pay maintenance in respect of their child, where: Single resident taxpayers (or married couples opting for a separate computation) Taxable income (EUR)

Tax rates for basis tax year 20 are as follows: Married resident taxpayers Taxable income (EUR) Subject to certain conditions, the married rates also apply to single parents, widows/widowers, and separated parents. For amounts exceeding these thresholds, the tax rate is 35% for both single and married individuals. Married individuals should be liable for EUR 11,095 tax on the first EUR 60,000 of income (couples earning up to EUR 28,700 should save up to EUR 120 tax per annum). For year of assessment 2021 (year of income 2020), in the case of single individuals (including married individuals opting for separate computation) there is a tax liability of EUR 12,275 on the first EUR 60,000 of income (individuals earning up to EUR 19,500 should save up to EUR 90 tax per annum). Income is taxable at graduated progressive rates, ranging from 0% to 35%. the basis year), which is assessed to tax in the year following the year in which it arises (i.e. Individuals are subject to tax on income arising in a calendar year (i.e. However, persons who are married to an individual ordinarily resident and domiciled in Malta are subject to a worldwide basis of taxation (and not on a source and remittance basis).Ī non-resident individual is taxed only on income and chargeable gains arising in Malta.

Such persons are not taxable in Malta on income arising outside Malta, which is not received in Malta, and on capital gains arising outside Malta, regardless of whether they are received in Malta, or otherwise. on income and chargeable gains arising in Malta and on income outside Malta that is received in Malta). Malta taxes individuals who are both domiciled and ordinarily resident in Malta on their worldwide income.Īny person who is ordinarily resident in Malta but not domiciled in Malta is taxable only on income arising in Malta and on any foreign income remitted to Malta (i.e.