There is no annual property tax in Malta. Instead, a 5% tax is levied solely when real estate is purchased. In addition, property owners are subject to ground rent tax for land on which their house is located, applicable when the land is under a long-term lease. The type of dwelling, whether…
Every business registered in Malta must appoint a company secretary, who is not required by law to reside in Malta but must be a natural person. The appointment of the secretary must be made under specific conditions acknowledged by the Companies Law. Below, you can find out how to appoint…
Malta’s taxation system resembles that of other European countries, as it is made of several taxes. Among these, the capital gains tax in Malta is one of the most important as it is imposed on the disposal of various types of assets held here. The levy is applied to both…
The financial industry is one of the most prolific sectors of the Maltese economy, as the government is open to foreign investors who want to operate in this domain. At the same time, the country was among the first European countries to regulate new financial instruments, such as cryptocurrencies that…
Persons and companies must pay various taxes in Malta, depending on the income they obtain. While companies are subject to the corporate tax, employees will be levied with the personal income tax to which social security contributions apply. Social security contributions in Malta are levied under two different classes which…
