The publication of Legal Notice 106 - Highly Qualified Persons Rules - implemented a 15% flat tax for non-residents, effective January 1, 2010 (assessed in 2011) in specific eligible offices of employment in Malta for an initial period of five years.
The regulation lists categories of eligible positions and qualifying employment conditions. The 15% flat rate does not apply to resident Maltese.
To benefit from the 15% flat rate, a qualified employee must earn income of at least €75,000, which is to be adjusted annually in line with the Retail Price Index. A particular attractive feature of the scheme is that excess income over €5,000,000 is free of tax.
The regulation lists categories of eligible positions and qualifying employment conditions. The 15% flat rate does not apply to resident Maltese.
To benefit from the 15% flat rate, a qualified employee must earn income of at least €75,000, which is to be adjusted annually in line with the Retail Price Index. A particular attractive feature of the scheme is that excess income over €5,000,000 is free of tax.
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