Income Tax
Permanent residents will have to pay a flat rate of 15% on all income remitted to Malta subject to an annual minimum tax of Lm 1,800. Personal allowances will reduce the taxable income when remitted funds exceed Lm 15,000. Income earned outside Malta and not remitted to Malta is not subject to taxation in Malta. No tax is imposed on any capital remitted to Malta.

Customs Duty Exemptions
All personal and household effects and furniture may be imported free of duty within the first six (6) months from the date of arrival in Malta of the resident.

Death Duties
No Death Duties exist in Malta.

Repatriation of Capital And Income
Any unspent residue of the Capital brought to Malta and any income thereon accumulated during the resident’s stay may be repatriated. Proceeds from sale of resident’s dwelling and any other investment may also be repatriated.