Malta

Rental Income Tax, Effective Tax Rates (%) - Malta Compared to Continent

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UK	0.00%
Cyprus	0.00%
Latvia	0.00%
Monaco	0.00%
Greece	2.75%
Lithuania	2.90%
Andorra	3.00%
Czech Rep.	5.52%
France	7.00%
Luxembourg	7.02%
Slovak Rep.	9.30%
Bulgaria	10.00%
Ireland	10.05%
Croatia	10.50%
Romania	12.00%
Belgium	12.06%
Austria	12.38%
Portugal	13.25%
Turkey	14.61%
Netherlands	15.00%
Ukraine	15.00%
Germany	15.82%
Poland	17.44%
Malta	17.78%
Hungary	18.72%
Italy	19.55%
Estonia	22.00%
Finland	23.80%
Spain	24.00%
Norway	26.86%
Russia	30.00%
Switzerland	48.56%

 

 

Malta: Rental income taxes (%).

The tax levied on the average annual income on a rental apartment/property in the country.

Assumptions:

• Gross rental income is /US$1,500/month
• The property is personally directly owned jointly by husband and wife
• Both owners are foreigners and non-residents
• They have no other local income
• There is no mortgage, i.e., no loan is taken for the purchase

In arriving at the pre-tax profit figure, we calculate, and deduct:

• Depreciation / capital allowances if available. We assume a value for the apartment based on our valuation research, and depreciate on this basis.

We deduct any other costs which a landlord normally pays - management charges, buildings insurance, realtor agency fees, etc. We either choose a standard percentage deduction (if available) or typical actually incurred costs. If real estate tax is normally payable by the landlord, we deduct that.

Our rental income tax figures are provided by accountants (see list of contributors). For more details see the Data FAQ.

Source: Global Property Guide Research, Contributing Accounting Firms

 

Malta’s Central Bank generates a monthly index of apartment prices, but you need to write to them. General economics statistics also come from the Central Bank of Malta, and the National Statistics Office.