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].
Título de Residência para Nómadas
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 (atualizado para 42.000 € a partir de 1 de abril de 2024).
Este artigo destina-se apenas a fins informativos e não deve ser interpretado como aconselhamento jurídico.
Artigo escrito por Ms Charlene Sciberras, B.A. (Hons), escritora convidada, especialista em marketing e gestão empresarial com foco especial em assuntos corporativos, contabilísticos e jurídicos.
A Sciberras Advocates, fundada pelo Dr. Adrian Sciberras, é uma sociedade de advogados sediada em Malta. A firma orgulha-se de ser multidisciplinar, inovadora e flexível, de modo a responder às mudanças dos tempos e a quaisquer desafios no cenário jurídico local e internacional. Independentemente das exigências complexas privadas ou corporativas, a Sciberras Advocates oferece soluções jurídicas práticas e rentáveis para alcançar os resultados desejados. Pode contactar a Sciberras Advocates por telefone através do +35627795222ou por e-mail em [email protected].
