Originally Posted by
CL300
Malta is highly taxed at 25 to 35 % for income for residents; social security is about 200€ a month. Except if you set up a company and you are the CEO, then after having paid the "secretary" and ancillary costs ( around 5 to 7000 a year), you will end up with only 5% of income tax, the set up of the company itself will be around 5000€ for a proper one.
Upon further researching the net, Is this the new law passed recently in the 2018 Budget Implementation Act ?
https://www.chetcuticauchi.com/facts...-Residence.pdf
Quoting: Tax residents of Malta who are not domiciled in Malta are taxable on a remittance basis. Accordingly, non-doms who are resident in Malta are not taxable on foreign source income not received in Malta, nor on any capital gains arising outside Malta whether remitted or not. Tax is due only on a source basis on income and capital gains arising in Malta. A non-resident citizen of Malta is only taxable in Malta on Malta source income. The Budget Implementation Act passed recently however has introduced a minimum annual tax in Malta of €5,000 for individuals or couples who are resident but not domiciled in Malta, and who earn at least €35,000 yearly.