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Money matters

tax

No, really... it does!
But does it matter more in Malta than at home?

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tax

Postby bennylas » Sun 10 Oct 2010 22:08 GMT

Here in Belgium we pay every month a certain amount of tax deducted directly from our wage. At the end of the year we need to fill in our income and lots of other stuff and then we get from the tax office the news how much we still need to pay or how much we'll get back. Most of the time we still need to pay.
How does it work in Malta. Also pay every month and by the end of the year filling in the papers and wait for the reply of the tax office?
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Postby gozomark » Mon 11 Oct 2010 02:51 GMT

Yes thats right - the tax year in Malta in Jan-Dec - you need to fill in your tax return by end June I believe. You can file your tax return on line as well as on paper.
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Postby bennylas » Mon 11 Oct 2010 06:53 GMT

Can people do prepayments during the year? Or is it not common in Malta? Maybe it's not really necessary when you are not self-employed. If you pay every month the amount deducted from your wage you don't need to pay a lot by the tax return I guess.
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Postby gozomark » Mon 11 Oct 2010 07:53 GMT

Your salary should be deducted correctly, so unless you have income that is untaxed and only declared to IR when you do your return, there shouldn't be much payable. If it isn't deducted correctly, you can ask them to change your coding, or your employer.
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