Malta Tax Rates (for 2019)

    Malta Tax Rates (for 2019)

    The tax rates applicable to individuals subject to tax in Malta depend on whether the individual is deemed to be resident in Malta or otherwise. 
     
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    Resident Tax Rates

    Malta implements three different tax rates for individuals resident in Malta, namely
    • Single Rates of taxation;
    • Married Rates of taxation applicable to married couples who opt for a joint tax computation; and
    • Parent Rates of taxation is applicable to individuals who maintain a child below the age of 18 years (or 23 years if the child is attending tertiary education) and who is not gainfully occupied earning more than €3,400 per annum.
    The tax rates for the year 2018 for every category are as follows:
     

    Tax Rates for Basis Year 2019

    Tax Rates for Residents

               Chargeable Income (€)

    From                                       To                                                   Rate                                   Subtract (€)

    Single Rates
    0 9,100 0% 0
    9,101 14,500 15% 1,365
    14,501 19,500 25% 2,815
    19,501 60,000 25% 2,725
    60,001 and over 35% 8,725
    Married Rates
    0 12,700 0% 0
    12,701 21,200 15% 1,905
    21,201 28,700 25% 4,025
    28,701 60,000 25% 3,905
    60,001 and over 35% 9,905
    Parent Rates
    0 10,500 0% 0
    10,501 15,800 15% 1,575
    15,801 21,200 25% 3,155
    21,201 60,000 25% 3,050
    60,001 and over 35% 9,050

     

    Non-Residents Tax Rates

    Taxpayers who are not resident in Malta for income tax purposes are subject to the following tax rates on their income arising in Malta:

    Tax Rates for Non-Residents

              Chargeable Income (€) 
                  From                                          To                                         Rate                                 Subtract (€)
    0 700 0% 0
    701 3,100 20% 140
    3,101 7,800 30% 450
    7,801 and over 35% 840

     

    Email us your query at info@nexiabt.com or contact our team of experts.

    Why choose Nexia BT?

    Established by Brian Tonna, managing partner, Nexia BT is a corporate and private client advisory, audit, accounting and tax firm. Our clients are local and international financial and other institutions, SMEs, high-net-worth-individuals, the public sector and high-end organisations.

    As a reputable organisation of over 25 years standing and forming part of a worldwide network of independent business advisors, consultants, auditors and accounting firms present in over 115 countries, we are optimally positioned to offer global expertise.

    Along these years, we have built client loyalty around a credible reputation for delivering results whilst working to the highest professional standards.

    Nexia BT’s strength lies in the technically competent staff with experience across a varied range of industry sectors. We deliver solutions to our clients through a high calibre customised service reflected in the professional work approach and ethics of our staff and driven by our ethos ’Closer to you’. With the backing of this business approach, we confidently present you Nexia BT as your trustworthy, dependable and reliable partner in Malta.

    Get in Touch

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    Antoinette Scerri
    Director 
    Tax Advisory Services

    antoinette.scerri@nexiabt.com
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