Malta has been long confirmed as one of the best destinations in the world for retirement due to the warm weathers, the safety of the country as well as the rich history. Yet now Malta can offer something else, the Malta Retirement Programme Rules.
The recently published Malta Retirement Programme Rules lay down the procedural rules and the fiscal benefits for those who decide to choose Malta as their retirement destination.
In order to qualify under these rules, the following conditions, amongst others, must be satisfied:
A beneficiary under the Malta Retirement Programme Rules will pay a tax rate of only 15% on income remitted to Malta, subject to a minimum annual tax payment of €7,500 and a minimum tax payment of €500 in respect of each dependent. Through Malta’s extensive double taxation treaty network, the income which would have already suffered tax abroad, could qualify for double taxation relief.
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