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Persons born in Malta and who are not nationals and would like to take up Permanent Residence can do so. To qualify for the reduced flat tax rate of 15%, which is subject to a minimum of €2,330 per annum, one has to satisfy the eligibility requirements and conditions.
Those persons who are born in Malta and have been absent from for at least 20 years, during the last 25 years prior to their return to Malta, will, if they so elect, also qualify for the same tax concession provided they remit to Malta annually at least €13,976 plus €2,330 for each dependent.
Returned migrants may engage in work, however, any income derived, will be taxed at standard rates. Maximum rates today are at 35%.
Please note that all information was to the best of our knowledge, correct at the time of going to print. Should any changes in rules or regulations be altered we cannot be held responsible. It would be in your interest to consult a legal adviser.
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