We offer the following services:

  •   Book-keeping
  •   Preparation and submission of VAT returns
  •   Preparation of accounts
  •   Registration of new businesses for tax and VAT
  •   Completion and filing of online company tax returns
  •   Tax advice for small/medium sized businesses and individuals
  •   Resident and non-resident tax advice

BUSINESS SETUP

You can set up the following types of business in Malta:

  • Private Limited Companies
  • Public Limited Companies
  • Partnerships

Private Limited Company

This is the most popular form of company to be incorporated in Malta. The minimum required share capital is €1164.69, of 
which only 20% (€232.94) must be paid up. At least one shareholder, director and secretary of the company are required. 
Allocation for corporate directors for this type of company is allowed and there are no restrictions on where company 
shareholder meetings are held. Audited accounts must be prepared and filed annually.

 Public Limited Company

 This form of company is usually incorporated by larger businesses, and shares may be held by the public. The minimum 
required share capital is €46,600, of which 25% (€116.50) must be paid up. There must be at least two directors and two 
shareholders of the company.

 Partnership

These can take the form of a:-

General partnership – with unlimited liability, or Limited partnership – with limited liability

Main Taxes In The Malta

The two main types of taxation in Malta are:

Income TaxVATINCOME TAX:

This is divided into two:

Corporate Income Tax

All companies incorporated or resident in Malta, including those companies whose management and control is located in 
Malta, may be liable to pay Corporate Income Tax. The current rate stands at a flat 35%.

Personal Income Tax

This is levied on the worldwide income of Maltese domiciled and resident individuals and any income arising in Malta or 
received in Malta by a non-domiciled, resident individual.  Tax is levied at progressive rates which vary depending on the 
amount of income that is taxable, as well as the individual’s marital and parental status.

For a married couple resident in Malta the rates are as follows:

  • No tax is applicable for income up to €11,900.
  • For income between €11,901 and €21,200, the rate is 15%.
  • For income between €21,201 and €28,700, the rate is 25%.
  • For income of €28,701 and greater, the rate is 35%.
  • For single persons resident in Malta the rates are as follows:
  • No tax is applicable for income up to €8,500.
  • For income between €8,501 and €14,500, the rate is 15%.
  • For income between €14,501 and €19,500, the rate is 25%.
  • For incomes of €19,501 and greater, the rate is 35%.
  • For parents the rates are as follows:
  • No tax is applicable for income up to €9,300.
  • For income between €9,301 and €15,800, the rate is 15  %.
  • For income between €15,801 and €21,200, the rate is 25%.
  • For income of €21,201 and greater, the rate is 35%.

VAT

The standard VAT rate in Malta is 18%, although there are reductions to 7%, 5% and 0% for the supply of specific types of 
goods and services.

Maltese VAT applies through self-assessment tax system in which registered individuals manage their own liability for VAT.
VAT returns are usually filed quarterly.

Useful Links

Maltese Inland Revenue:
http://www.ird.gov.mt/

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