Immigration – Malta PR from Pakistan
Taxation of New Residents
The basis for taxation under the Maltese tax is based on residence and domicile. Residence for Malta tax purposes shows an intention to reside in Malta indefinitely. It may also be a basis of physical presence in Malta of at least 183 days.
Non-tax residents of Malta or those who are non-domiciled in Malta are taxable only on Malta source income and gains. Non-domiciled Malta residents are taxable on remittance only on foreign source income, not on foreign-source capital. It should be remitted to Malta only and is subjected to a minimum tax of €5,000. The minimum tax applies to individuals and couples who earn at least €35,000 in annual income outside Malta. Income and capital gains in Malta are applicable to personal income taxes.
Capital gains outside Malta will be outside the scope of Maltese tax regardless if remitted to Malta or not. Capital and savings remitted to Malta also fall outside the scope of Maltese tax.