iCalculator™ MT: Malta Tax Calculators

Welcome to iCalculator™ MT, your comprehensive suite of free tax calculators for Malta. iCalculator™ has provided free tax calculators for Malta since 2012. Since those early days we have extended our resources for Malta to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Malta Tax Calculator and salary calculators within our Malta tax section are based on the latest tax rates published by the Tax Administration in Malta. In this dedicated Tax Portal for Malta you can access:

Malta Tax Calculator 2023/24

The Malta Tax Calculator below is for the 2023 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Malta. This includes calculations for

1. Employees in Malta to calculate their annual salary after tax.
2. Employers to calculate their cost of employment for their employees in Malta.

Malta, a member of the European Union, has a progressive and comprehensive taxation system. This overview explores the different types of taxes and the general compliance requirements in Malta, providing valuable information for both individuals and businesses navigating the Maltese tax landscape.

1. Personal Income Tax

Personal Income Tax in Malta is levied on the worldwide income of residents, while non-residents are taxed only on income arising in Malta. The system is progressive, meaning the tax rate increases as income rises, but specific rates are not discussed here.

2. Corporate Tax

Malta’s corporate tax structure is notable for its full imputation system, which eliminates the double taxation of corporate profits. Companies registered in Malta are taxed on their worldwide income, with specific incentives for certain types of businesses.

3. Value Added Tax (VAT)

VAT in Malta is levied on the sale of goods and services. It is aligned with the European Union's VAT directives, ensuring consistency with other EU member states. There are various VAT rates, with certain goods and services qualifying for reduced rates or exemptions.

4. Property Taxes

Property taxes in Malta include stamp duty on transfers of real estate and an annual tax based on the property’s value. There are specific exemptions and reliefs available, particularly for first-time buyers.

5. Social Security Contributions

Both employers and employees in Malta are required to make social security contributions, which fund various social benefits. These contributions are based on the employee’s wage and are split between the employer and the employee.

6. Environmental and Excise Taxes

Malta imposes environmental taxes aimed at promoting sustainable practices, as well as excise duties on specific goods like tobacco, alcohol, and fuel. These taxes are part of Malta’s commitment to environmental conservation and public health.

7. Tax Compliance and Reporting

Compliance with Maltese tax laws requires timely filing of tax returns and accurate reporting of income. Malta has implemented various international standards to combat tax evasion and ensure transparency, including the automatic exchange of information under global agreements.

8. Double Taxation Treaties

Malta has an extensive network of double taxation treaties with various countries, providing relief from double taxation on income. This is particularly beneficial for multinational companies and expatriates working in Malta.