As Malta is a member of the EU, residents of the EU are permitted
to travel freely to and from Malta; the country is also a
member of the Schengen area, permitting visa-free travel to
citizens of other Schengen countries.
Non-EU residents looking to work in Malta will have to apply
for a Work Permit (although note that ‘permanent’
residents benefiting from the 15% flat rate tax system are
not permitted to be employed on, or offer their services to,
the local market). Non-residents who are citizens of the EU
can remain in Malta for up to three months before needing
to obtain a residence permit.
A new Residents Scheme came into force in 2004. Those qualifying
under this scheme pay a flat rate of 15% on all income received
in Malta. A minimum tax payment of EUR4,192 must be paid annually.
A Residence Certificate will be issued if the application
is approved and the EUR4,192 must be paid within 30 days of
the approval being granted. A person being granted this certificate
must take up residence within 12 months of the certificate
being issued. To qualify for the scheme, the person must have
annual income of at least EUR23,000 from sources outside Malta
or capital of EUR349,000.
Ordinary Residence (which is only available to citizens of
the European Union) is possible with fewer conditions than
the permanent residence scheme outlined in the previous paragraph.
‘Ordinary’ residents will pay standard tax rates
(progressive to 35%), but are permitted to work in Malta,
and are not obliged to pay a guaranteed minimum amount of
tax.
I am facing a dilemma and would like to invite any reader to advise me.
I am a Brit who has lived outside UK since 1993- initially in Belgium (5 years) & subsequently in 4 African countries. After a year outside UK, the UK Inland Revenue confirmed my status as ‘non-resident’ for tax purposes and as I have had no income in UK, I have not completed a UK tax return for many years. I visit UK very rarely, normally for one or two weeks per year.
In May 2011, I was made redundent by my employers, who were downsizing. This coincided with a move to retire in the Netherlands, where I now have official residency (my wife is Dutch). I thought that, at 63 years of age, I would be unlikely to find suitable employment; in fact, I have not tried hard and had resigned myself to permanent (but slightly premature) retirement.
However, to my surprise, I have recently been approached (through a mutual acquaintance) by a company that wishes to use my skills on a project in the Isle of Man. The role, if & when confirmed, would see me working for about 10 days a month in Isle of Man, with about 5-7 additional days per month, working from home. Contract will be for about two years. The firm has asked me to confirm if I would prefer to be paid (and therefore be taxed) in Netherlands or Isle of Man, the idea being that I create a self-employment entity for this employment. I have no data on which to base a response. Given Isle of Man's traditional ‘low tax ‘environment, are there any benefits to declaring an income in IOM? Are there any Isle of Man residency implications? Netherlands takes a tax cut on total world wide income, and, as I have never had any contact with the Dutch authorities, I am reluctant to start such a relationship now. Do I have to declare income in both countries, with a breakdown prorata to the time spent in each jurisdiction? Should I declare income to UK Inland revenue?
If anyone has pertinent advice on these points, I’d be grateful to hear them.
Hi, I live in South Africa, and along with 2 business partners (one in South Africa and one in Ireland - all South African citizens though) are setting up a company that designs Smart phone applications. As they will be sold on the various platforms (none of which operate out of South Africa)we have to list our company as operating out of Ireland anyway. As such, we have decided to set up our company in the best tax country and are wanting info on whether Jersey or Malta is best? If anyone has some inside info we would really appreciate it!! Thanks!Mary
Just wondering if anyone 'on the ground', as it were, might be reading and able to help me...I was considering relocating my hairdressing business from the UK to Ireland before the economy started to go properly belly-up...now, not so much.
Are things as bad as they seem over there, or is it being over-hyped by the media? And is the government still keen to support small business people? Cos if not, I'll look elsewhere...
I am moving full time to France in Jan 2012 where I will be working as a freelance contract engineer to a number of Australian based companies. It is my choice to move to France not a work requirement. I will be renting my house out in Austrlalia and renting a house while I am in France. I hold both EU & Austrlain citizenshiip. I am married with 2 young children. Approx total family income $100k AUD. Do I pay tax in France or Australia or both ? Any help or guidance would be much appreciated.France move
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