Malta — Tax: Income Tax

Key facts

• Tax rates are progressive, with higher rates applying to higher income bands
• The tax year in Malta is the same as the calendar year
• Tax residence is generally determined by physical presence in the country

Steps

1. Determining Tax Residence — Tax residence is generally determined by physical presence in the country, but the rules can be complex and may depend on specific circumstances. It's unclear what the exact rules are, but it's worth noting that tax residence can be relevant for individuals, companies, and other entities.
2. Filing Tax Returns — It's uncertain how to file tax returns in Malta, including what forms to use and how to submit them. Generally, tax returns are filed by individuals and companies with the Inland Revenue Department.

Costs

• Tax Filing Fee: varies

Timelines

• Filing Deadline for Tax Returns: uncertain

Required documents

• NIF (National ID Number)
• Payslips
• Employment contract

Common mistakes

• Failing to register with the Inland Revenue Department
• Failing to file tax returns on time