By virtue of LN 277 of 2023, last December Malta has introduced new tax rules applicable to Nomad Residence Permit holders.
Individuals who are issued with a residence permit after 1st January 2024, will be subject to income tax at a rate of 10% on income derived from ‘authorised work’. The new rules indicate the reporting obligations, being to register for income tax purposes, report the income received, file an annual income tax return, and pay tax as required.
However, Nomad Residence Permit in Malta are still able to benefit from the double taxation relief as per Malta’s tax treaties, and in such case, they must provide proof of paying taxes outside Malta at a rate of at least 10% on such income, and therefore that would not have to pay the 10% income tax in Malta.
It’s important to note that individuals who already hold a Nomad Residence Permit shall not be subject to income tax on the income from ‘authorised work’ derived prior to 1st January 2024.
For any questions about taxes in Malta, and tax compliance, please do not hesitate to contact us on [email protected].
Permis de résidence nomade
The Malta Nomad Residence Permit, is open to individuals who can work remotely and independent of location, meaning they are not tied to a specific office or desk. The Nomad Residence Permit enables holders to retain their current employment based in another country whilst legally residing in Malta for up to a year, with the opportunity to renew if the applicants meet the eligibility criteria. Applicants must prove they can work remotely, either for an employer or as a freelancer and earn at least €32,400 gross of tax a year (mis à jour à 42 000 € à compter du 1er avril 2024).
Cet article est à titre informatif seulement et ne doit pas être interprété comme un avis juridique.
Article rédigé par Mme Charlene Sciberras, B.A. (Hons), rédactrice invitée, est une spécialiste du marketing et de la gestion d'entreprise avec un accent particulier sur les questions d'entreprise, comptables et juridiques.
Sciberras Advocates, fondé par Dr Adrian Sciberras, est un cabinet d'avocats basé à Malte. Le cabinet s'enorgueillit d'être multidisciplinaire, innovant et flexible afin de répondre aux évolutions et aux défis du paysage juridique local et international. Quelle que soit la complexité des demandes privées ou d'entreprise, Sciberras Advocates propose des solutions juridiques pratiques et rentables pour atteindre les résultats souhaités. Vous pouvez contacter Sciberras Advocates par téléphone au +35627795222ou par courriel sur [email protected].
