Proposed changes to Maltese tax rules
Remittance basis of taxation
Long-term residents and holders of permanent residence certificates/cards (in terms of the Status of Long-Term Residents (Third Country Nationals) Regulations and the Free Movement of European Union Nationals and their Family Members Order) are no longer able to use the remittance basis of taxation.
Minimum tax liability
The above could mean a change for persons who have settled in Malta, and we will follow the debate in Parliament and the eventual enactment of the law to see whether this will be introduced, and to what extent.
In the meantime, should you have any questions or queries about the above or any other residence or income tax matter, please do not hesitate to contact Thomas Jacobsen on email@example.com for more information.
Papilio Services Limited is a leading independent Maltese service provider, focusing on corporate, residence and tax services to private clients and businesses in Malta and worldwide. We are registered with the Malta Financial Services Authority as a Company Service Provider.
We assist our clients with tax efficient solutions, setting up public and private companies, partnerships, funds, trusts and foundations as well as assisting individuals with taking up residence in Malta or applying for citizenship in Malta.
We provide a full range of ongoing corporate administration and compliance services including advisory services and back office corporate and income tax compliance services for a number of entities and individuals.
Papilio Services Limited is registered with the Maltese Inland Revenue Department as an Authorised Mandatory to handle applications under the various Maltese residence programmes and our Managing Partner is registered with Identity Malta as an Accredited Agent to handle applications for Maltese citizenship under the Malta Individual Investor Programme.
168, St Christopher Street, Valletta
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