How will Malta’s planned overhaul of its tax regime impact its RCBI program?

What will happen with taxation of my worldwide income?

Answers

On January 30, 2023 Kenneth Camilleri answered:

The overhaul of Malta's corporate tax system is planned to take effect in 2025. The details of proposed changes have not been announced.

On May 17, 2022 Silvio Cilia answered:

Maltese taxation is based on two connecting factors: domicile and residence. Holding Maltese citizenship alone does not lead to any tax implications. Only individuals who are both resident and domiciled in Malta are taxed on their worldwide income. Whilst resident status may be acquired by residing for over 6 months in the country, it takes decades to acquire a domicile of choice in Malta. Therefore, it is nearly impossible that a beneficiary of a Malta RCBI program will become taxable on his/her world-wide income in Malta. If the tax rates will be re-examined or minimum tax will be introduced, the connecting factors for taxation are outside the scope of the proposed reforms.

On May 05, 2022 Valentina Sammut answered:

You are a tax resident in the country in which you spend more than 183 days per year.

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