Income Tax Forms
Access essential income tax forms and references for part-time income, self-employment income, and rental income in Malta.
Understanding Malta's Part-Time Income Tax Rules
A practical overview of eligibility, tax rates, thresholds, income reporting, and online submission.
Eligibility Criteria
Full-time employees, pensioners, and students registered with Jobsplus as either part-time employees or self-employed individuals are eligible. For self-employed individuals, maintaining proper records and VAT registration is necessary if applicable.
Tax Rate
Effective from January 1, 2022, part-time workers, whether employed or self-employed, benefit from a favorable tax rate of 10%.
Income Thresholds
Special part-time tax rates are applicable on the initial EUR 10,000 of employment income and EUR 12,000 for self-employment income.
Income Reporting
Any income exceeding these part-time thresholds must be included in the annual tax return alongside other sources of income.
Online Submission Process
Individuals can file their taxes online using their e-ID. Self-employed individuals should use the TA22 form, while part-time employees use the TA23 form if FSS deductions were not applied.
Filing Deadline
The annual deadline for submitting part-time income tax returns is April 30.
Access the relevant Malta income tax forms.
Use the links below to access the key forms referenced for part-time self-employment, part-time employment, and rental income.
Part-Time Self-Employment
Click here to access TA22.
Access TA22Part-Time Employment
Click here to access TA23.
Access TA23Rental Income
Click here to access TA24.
Access TA24Key income tax points to keep in mind.
These points help taxpayers understand when the special part-time tax treatment applies and when income may need to be reported in the annual tax return.
For self-employed individuals, maintaining proper records and VAT registration is necessary if applicable.
Rental Income submitted through TA24 Form
TA24 is relevant for taxpayers opting to pay tax on qualifying rental income at a final withholding tax rate.
Final withholding tax
Taxpayers may opt to pay tax on all rental income at a final withholding tax of 15%. Final withholding taxes of 15% is applicable on both residential property from basis year 2014 as well as commercial property from basis year 2017.
Gross rental income
Deductions are not available against final withholding taxes. The 15% final withholding tax rate is calculated on the gross rental income received. Furthermore, the final withholding tax of 15% applies to both residents and non-residents, both as recipients of rental income as well as occupants of leased property.
TA24 submission
To benefit from a final withholding tax of 15%, taxpayers must complete the prescribed TA24 form either manually or online and submit it within the prescribed period.
Rental income tax options
Furthermore there one can also claim a tax rebate for private residential leases. One also have the option to submit rental income as part of the standard income tax return which might be beneficial especially if you are paying a loan against the rental income.
Refer to Tax Legislation here -> Manual Taxation of Rental Income.
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