Permanent residents Taxation

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Permanent residents Taxation

Postby Mirandar » Mon 05 Mar 2007 18:47

As EU regulations are increasingly imposed on the Government, is it anticipated that the current tax regime as applied to Permanent Residents, (15% on remittances into Malta- minimum payable Lm 1,800) will be phased out and replaced by a more punitive graduated scale of taxes on worldwide income?
Thanks,
Miranda
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Postby gozomark » Tue 06 Mar 2007 09:46

taxation is a national not an EU issue, so no, its unlikely, unless the Maltese government decide to do it, or there is a big change in the way EU laws apply to local taxation.
Also remember, nearly all foreigners are not "Permanent Residents" so the real issue is whether foreigners will continue to not be taxed on worldwide income - again, a national not an EU issue.

so, could PR disappear ? - yes, but for now up to Maltese government, and I've heard no calls from either party to change it
could worldwide income taxation be introduced for foreigners ? - ditto

plus one could happen without the other
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