Malta Tax Rates (for 2020)

Updated: July 30, 2020 | 8 minute read

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Introduction

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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Malta Tax Rates for Residents

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 Malta tax rates for the year 2020 for every category are as follows:
 

Malta Tax Rates for Basis Year 2020

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

 

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