I am a Canadian citizen and wish to retire in Malta. Will I need to pay any tax whilst living there and will my estate be subject to Maltese taxation after I am dead? |
|
Any person can apply for a permanent residency status in Malta, acquire a home and live here for as long as one wishes provided he/she fulfills the conditions applicable. Malta actively promotes and welcomes citizens from all over the world to come and reside here.
The tax payable by any person whose living in Malta is subject to a permanent residency permit is 15% on:
• Income arising in Malta
• Income arising overseas and remitted to Malta
• Capital Gains arising in Malta
Malta has no inheritance tax, but on death of a permanent resident, his/her heirs will have to pay 5% stamp duty on any property inherited that is transferred onto their name.
Further information on this subject can be found in our article Foreign Residents in Malta |
| Authored
by: George Farrugia
This question has been viewed 1884 times so far.
|
| Click
Here to View all the questions in Immigrating to Malta
category. |
File Attachments |
| There are no attachment file(s) related to this question. |
| |
|
|
|
 Related Questions
|
- Now that Malta forms part of the EU, do I still need to apply for a work permit in order to employ an EU national with my company?
- Can I import my car to Malta without paying any extra duty or tax?
- I am an EU citizen and wish to open a business in Malta. Are there any conditions to my obtaining a trading license?
- I am an EU national and wish to set up a company in Malta for the manufacture and export of, say, computer peripherals. Will I be permitted to reside in Malta?
|
Home
| About
| Services
| Publications
| MGI
International
| Q&A
| Search
| Contact
Search Knowledge Base