15% Malta income tax option for expat employees earning at least Euro 75,000 p.a.
When an expat tax payer earns at least Euro 75,000 per annum from a qualifying contract of employment, he may opt to be taxed at a flat rate of 15%.
The new scheme is targeted at the following executive positions with companies which are licensed and/or recognised by the MFSA, the LGA or the Authority for Transport in Malta (in respect of undertakings holding an air operatorsí certificate):
(a) Chief Executive Officer, Chief Risk Officer (including Fraud and Investigations Officer), Chief Financial Officer, Chief Operations Officer (including Aviation Accountable Manager), Chief Technology Officer, Chief Commercial Officer,
(b) Portfolio Manager, Chief Investment Officer, Senior Trader/Trader, Senior Analyst (including Structuring Professional), Actuarial Professional, Chief Underwriting Officer, Chief Insurance Technical Officer, Odds Compiler Specialist, Head of Research and Development (including Search Engine Optimisation and Systems Architecture), Aviation Continuing Airworthiness Inspector, Aviation Flight Operations Inspector and Aviation Training Manager,
(c) Head of Marketing (including Head of Distribution Channels), Head of Investor Relations.
The scheme contains a number of anti-abuse provisions which enable the authorities to see through artificial arrangements. Moreover, it is subject to several conditions. In particular, it is not available for persons who are domiciled in Malta (the beneficiary will be typically resident in Malta but not domiciled therein).
For further information regarding eligibility conditions/procedures contact: firstname.lastname@example.org