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Malta: Worked Example of Tax on Rent

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Last Updated: Oct 02, 2006

Tax Example: Rent

Non-resident couple's joint monthly rental income1 €1,500 €6,000 €12,000
Annual Rental Income 18,000 72,000 144,000
Less Maintenance Allowance (20%)2 3,600 14,400 28,800
= Taxable Income 14,400 57,600 115,200
Income Tax Rates3
Up to MTL300 nil – – –
MTL300 – MTL1,300 20% 466 466 466
MTL1,300 – MTL3,300 30% 386 386 386
Over MTL3,300 35% 2,350 17,470 37,630
Annual Income Tax Due €3,202 €18,322 €38,482
Tax Due as % of Gross Income 17.78% 25.45% 26.72%
Thanks to:

DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on October 2, 2006.


Notes

1 The property is jointly owned by husband and wife.

2  The 20% maintenance allowance is levied on the net rental income (annual rental income les ground rents, if any). In these cases, there is an assumption that no ground rents are payable from these properties.

3 Exchange rate as of 15 June 2006: €1 = MTL0.429346.

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