Ordinary Residence
The Malta Ordinary Residence Scheme forms an attractive residence scheme to those individuals seeking to transfer their tax residence from higher-tax countries to a safe and tax-efficient jurisdiction within the European Union.
The Malta Ordinary Residence Scheme is made available to all of the following:
- EU Nationals (all EU Member States);
- EFTA Nationals (Liechtenstein, Iceland, Norway, and Switzerland);
- Non-EU Nationals (3rd country nationals) – the issue of Ordinary.
Residence awarded to non-EU nationals is at the authority‘s discretion.
Taxation under the Malta Ordinary Residence Scheme
The tax system applicable to ordinary residents of Malta is a remittance based system of taxation. This works as follows:
Rates for Single Tax-payers
|
Tax Rates (EUR) |
||
|---|---|---|
|
Chargeable Income |
Tax Rate |
Deduct |
|
0 - 8,500 |
0 |
0 |
|
8,501 - 14,500 |
0.15 |
1,275 |
|
14,501 - 19,500 |
0.25 |
2,725 |
|
19,501 - 60,000 |
0.32 |
4,090 |
|
60,001 & Over |
0.35 |
5,890 |
Rates for Married Tax-payers
|
Tax Rates (EUR) |
||
|---|---|---|
|
Chargeable Income |
Tax Rate |
Deduct |
|
0 - 11,900 |
0 |
0 |
|
11,901 - 21,200 |
0.15 |
1,785 |
|
21,201 - 28,700 |
0.25 |
3,905 |
|
28,701 - 60,000 |
0.32 |
5,914 |
|
60,001 & Over |
0.35 |
7,714 |