Notwithstanding this, an individual will automatically be considered as a resident in Malta if during a particular year he/she is present in Malta for more than six months in one calendar year.
Taxability of foreigners who take up residence in Malta
Foreign residents in Malta are:
- Taxed on income and capital gains arising in Malta; and
- Taxed on income arising outside of Malta that is remitted to Malta; and
- Not taxed on capital gains accrued outside of Malta, even if such gains are remitted to Malta.
Income tax rates applicable to Maltese residents are the following (2019):
Taxability of highly qualified persons
Individuals who occupy a senior position in a company that is licensed with the MFSA, MGA or undertakings holding an air operators certificate or an aerodome license issued by Transport Malta may qualify for a flat tax rate of 15% on their employment income, provided that the annual salary is at least €84,016 for basis year 2018, revised annually in accordance with the retail price index published by the National statistics office.