Malta Tax Agency Issues Individual Income Tax Guidelines Concerning Work Under Nomad Residence Permits

The Maltese Inland Revenue Jan. 16 issued guidelines on the taxation of income from authorized work performed by individuals with valid nomad residence permits, effective Jan. 1, 2024. Topics covered include that: 1) the permits provide non-EU countries license to perform work in Malta; 2) for work under an employment contract to be considered authorized work, the employer can’t be resident or carry out business through a fixed place of business in Malta; 3) individuals are automatically registered for tax after receiving a nomad residence permit; 4) a 10 percent individual income tax rate applies to authorized work income, with ...