Malta Tax Tables - Tax Rates and Thresholds in Malta

Welcome to the iCalculator™ MT Malta Tax Tables page. Understanding the tax system is essential for individuals and businesses residing or operating in Malta. On this page, you will find links to current and historical tax tables for Malta, which provide detailed information on different tax rates and how they may affect you. Review the latest income tax rates, thresholds and personal allowances in Malta which are used to calculate salary after tax when factoring in social security contributions, pension contributions and other salary taxes in Malta

Tax tables in Malta are a fundamental component of the tax system, providing clarity and guidance for tax calculation, planning, and compliance. They are used by a wide range of stakeholders, including individual taxpayers, employers, financial professionals, and government authorities.

Choose a specific income tax year to see the Malta income tax rates and personal allowances used in the associated income tax calculator for the same tax year.

Tax tables in Malta are an essential tool for calculating income tax liabilities. They serve as a guideline for individuals and businesses to determine the amount of tax owed based on various income levels. This overview explains the nature of tax tables, their uses, and who utilizes them in Malta.

Definition and Purpose of Tax Tables

Tax tables are structured charts or documents that outline the tax rates applicable to different ranges of income. They are designed to simplify the process of calculating tax liabilities by providing a clear framework for determining the amount of tax due based on the income earned.

Who Uses Tax Tables

• Individual Taxpayers: Individuals use tax tables to understand their tax obligations based on their income levels. Tax tables help in estimating the amount of tax that should be withheld or paid during the tax year.
• Employers: Employers refer to tax tables to calculate the correct amount of tax to withhold from employees’ salaries. This ensures that the appropriate tax amounts are collected and remitted to the tax authorities.
• Accountants and Financial Advisors: Professionals in finance and accounting use tax tables to provide accurate tax advice and to assist clients with tax planning and compliance.
• Government and Policy Makers: The government uses tax tables as a tool for fiscal policy, adjusting them as necessary to achieve economic objectives.

Applications of Tax Tables

• Income Tax Calculation: The primary use of tax tables is to calculate the amount of income tax owed by individuals or entities. They provide a quick reference to assess tax liabilities.
• Tax Planning: Tax tables are used in planning personal or business finances by forecasting tax liabilities and making informed decisions about income and investments.
• Payroll Processing: In payroll processing, tax tables are used to determine the correct amount of tax to withhold from employees’ salaries.
• Policy Analysis: Tax tables are also used for policy analysis and decision-making, helping to understand the impact of tax policies on different income groups.