News / Articles
Malta is a true Mediterranean island paradise, it looks different to unique from other European countries especially due to the look of properties in Malta, the way the buildings in Malta are built. Nonetheless, also due to the incredible blue sea, relaxed lifestyle and booming economy it is a wonderful place to call home.
Successive Maltese governments have sought to enter into double taxation agreements with other countries to encourage international trade and the growth of financial services, while at the same time curbing tax evasion.
If you are a resident and work in Malta, you are subject to pay Income Tax to the Inland Revenue Department. Taxation in Malta follows similar employment brackets to the rest of the EU. Income Tax contributions scale up as income increases and there are five brackets where the range spans from 0% up to 35% taxation on income. There are three rates - one for single individuals, one for married couples and one for parents.
In today’s fast and competitive business world, Malta’s entrepreneurs and companies are taking the leap to outsourcing their company administration so they can focus on growing their business. When a company transitions from a startup into a fully-fledged business, tasks that were manageable when the business was smaller suddenly become a huge burden, eating into valuable time and over-stretching resources...
In 2011 Malta introduced a new tax program called the Highly Qualified Persons Rules (hereinafter referred to as the ‘Rules’) which sought to attract highly qualified persons to take up an ‘eligible office’ with licensed or other recognized companies in Malta.
Malta is committed to enhancing its growing aviation register and is keen on becoming a service leader in aviation, Tourism Minister Karmenu Vella said this morning. He said Malta's aviation history goes back almost a century and how the country now had one of the largest aviation registers in Europe. Almost a third of the aircraft on this register are...