What are the tax considerations of the Highly Qualified Persons Rules?
Successful application for the Highly Qualified Persons Rules would be entitled to a 15% flat rate on all employment income.
The tax benefits for EU, EEA and Swiss nationals are available for a consecutive period of 5 years. This period starts from the first year the applicant of Highly Qualified Persons Rules is subject to tax. Applicants can also apply to a one-time extension of 5 years, giving a total of 10 years that an individual can benefit from the Highly Qualified Persons Rules in Malta.
Non-EU nationals are entitled to benefit from the Highly Qualified Persons Rules in Malta. Non-EU citizens can apply for a maximum period of 4 years. Individuals can appeal for a one-time extension of 4 years, giving a total of 8 years individual can benefit from the HQPR in Malta.
How can I apply for the Highly Qualified Persons Rules in Malta?
Firstly, the Commissioner of Inland Revenue requires that you must obtain a signed declaration from the Malta Financial Services Authority or the Malta Gaming Authority.
Secondly, the relevant authority will check the appropriate conditions for the Highly Qualified Persons Rules, as outlined above, are met and subsequently will endorse the form. This declaration will then be used and attached to the individual’s income tax return and filed accordingly.