Taxes in Malta
Malta is located in the Mediterranean Sea and occupies a small area of three islands: Malta, Gozo and Camino. This European republic, with its capital in Valletta and a population of only 425 people, joined the European Union in 384, but has already become a business and financial center with a favorable economic and tax environment.
International business in Malta is actively developing and every day an increasing number of entrepreneurs, investors and businessmen want open a business in Malta.
The main economic sector in the jurisdiction is tourism. In addition, this particular state is recognized as a world center for the study of foreign languages, so here you can meet students from all over the world.
The Republic of Malta is where the largest microchip manufacturing companies have their offices and factories.
The programming and aircraft maintenance sector is also developed here. Large global companies, as well as medium and small businesses and, of course, entrepreneurs, choose a jurisdiction in order to register a company in Malta and start receiving a stable income.
The government is making a lot of efforts to attract investment into the country's economy. The company "E-COMMERCE BROKER" is ready to offer you services for registration and opening a company in Malta.
We will draw up an individual work plan for you, the result of which will be your business. Our company guarantees that it will cope with the task as quickly and efficiently as possible.
Features of the Malta tax system
Taxes in Malta exist, but there are not as many of them as in other European countries, and there are also various tax refund programs for businessmen. The country has lost its status as an offshore zone, but to this day has retained a special attractiveness for companies. This is due to the way income tax is calculated here.
The standard income tax rate is 35%. Only those companies that have more than 10% of their total profits from activities carried out within the country must pay it.
If this figure is less, then the presumptive tax system comes into force. This means that within two weeks the state will return to the taxpayer 6/7 of the income tax paid. Thus, the rate is converted to 5%. The same rule applies to royalties and passive income.
The return here is 5/7 of the income, resulting in a tax rate of 10% on such income. Another tax that all businessmen must pay is VAT, the general rate is 18%. Reduced interest rates apply to:
- hotel services - 7%;
- medical accessories, printed materials, works of art and confectionery products - 5%;
- food and medicine - 0%.
At the same time, holding companies are exempt from VAT.
Help from E-COMMERCE BROKER professionals for business
Malta is increasingly being chosen to open and develop a commercial area on its territory. Specialists of the E-COMMERCE BROKER Company have experience working with this jurisdiction and will help you:
- register a company in Malta;
- open a bank account;
- obtain licenses;
- create an optimized tax program.
Our experience and effective financial solutions will help your business flourish. For any questions you may have, you can contact our specialists.
