Income Tax Rules for Nomad Residence Programme Permit holders in Malta

By virtue of LN 277 of 2023, Malta has introduced the Income Tax Rules applicable to the Nomad Residence Permit holders. Individuals who are issued with a residence permit after January 1^st 2024, will benefit from a 12 months period starting from the date of issue of their Nomad Permit, during which their income derived from “authorized work” will be exempt from income tax in Malta.  A flat rate of 10% will apply thereafter.  The applicants would need to declare to the Residency Malta Agency that their residence in Malta in the past 12 months is not merely of a casual nature. 

Individuals who already hold Nomad Residence Permits shall not be subject to income tax on the income from “authorized work” derived prior to January 1^st 2024 year.