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Change in taxation of OR residents after 5 Years residency ?

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Change in taxation of OR residents after 5 Years residency ?

Postby Nickexpat » Sun 19 Oct 2014 05:56 GMT

Does anyone know if there has been a recent change in the taxation of OR residents ? I heard that under new legislation, after 5 years of OR residency in Malta (in our case self sufficiency OR ), our worldwide income will be taxable, not just income remitted to Malta?
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Postby gozomark » Sun 19 Oct 2014 11:50 GMT

nothing has been mentioned to me - where did you read it ?
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Postby Nickexpat » Sun 19 Oct 2014 12:07 GMT

I didn't read it Mark, was told by a new, seemingly well informed acquaintance. However having looked on the internet today I think he may have been confused by the following. I will enquire with him further and let you know the outcome.

http://www.capstonegroup.com.mt/malta-c ... f-taxation
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Postby gozomark » Sun 19 Oct 2014 12:16 GMT

thanks :-)

that link is the current status as I understand it - its the domicile issue thats important
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Postby Nickexpat » Sat 1 Nov 2014 11:59 GMT

Mark this is the link to the tax article I was told about. I think "long term" and "permanent" residents are a different resident category to OR residents but I am not well informed on this. Could one become "long term" or "permanent" residents just by being here for a long period of time ?

http://www.nexiabt.com/LinkClick.aspx?f ... uage=en-GB
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Postby gozomark » Sat 1 Nov 2014 12:05 GMT

interesting ! I'm forwarding to my accountant
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Postby gozomark » Sat 1 Nov 2014 12:15 GMT

Nickexpat wrote: Could one become "long term" or "permanent" residents just by being here for a long period of time ?


no

permanent - after 5 years you can apply for a long term eResidence card (ie un dated), but you dont have to, and you have to fulfil certain conditions anyway eg not absent from Malta for more than 300 days in the last 5 years
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Postby Nickexpat » Sat 1 Nov 2014 12:22 GMT

Crikey that was quick !!So no relevance to those who are residing here as OR self sufficient residents ?
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Postby gozomark » Sat 1 Nov 2014 12:24 GMT

the self sufficient version can also be permanent, but only if apply, but waiting for clarification
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Postby gozomark » Sat 1 Nov 2014 15:19 GMT

I've posted a few comments about this in the private boards
http://britishexpat.com/expatforum/malt ... 9973#77973
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