|
TAX RATES FOR
PERMANENT RESIDENTS
Permanent Resident Family inc. dependants are
assessed to tax on a minimum of Lm12,000 annually (without deductions) at the
same rate of 15%. This brings the net minimum tax liability of a permanent
resident family to Lm1,800 (approx.
€4,400 or US$5,400).
|
Tax Rate: |
A flat 15%
on income remitted to Malta. |
|
Deemed
remittance / chargeable income: |
Assessed to
tax on a minimum of Lm12,000 annually (w/o deductions). |
|
Minimum tax liability irrespective of number
of dependents: |
Lm 1,800 after allowing
for a credit for double taxation relief.
(approx. €4,400 or US$5,400) |
Becoming
a Permanent Resident of Malta
|