Limited Company Tax Situation ...

Last activity 18 July 2017 by lastminuteman

688 Views

2 replies

Post new topic

lastminutemanActive member18 July 2017 14:30:55

Hi All,

I'm moving to Malta in October 2017 with my wife and 2 little ones from the UK.

I currently work in IT as a freelance contractor, and have a UK limited company - when we move, I will continue to work for my UK based client, and I'm trying to find out some more details on my tax situation.

I have a very good UK accountant who has given me some advice, but he knows nothing about the Maltese system, so I now need to get up to speed. I suppose I have the following main issues to pursue:

1. If I carry out work in Malta, but the invoices are paid to my UK company, how is my income tax handled?

2. Is there any advantage in setting up a Maltese limited company and working through this?

3. Any recommendations for decent local accountants that are used to helping out confused foreigners?

Many thanks!

volcaneViP18 July 2017 15:18:29

1063

speak to a good maltese accountant, there are MAJOR benefits to being locally incorporated. Like MASSIVE.

Depends on your billing amounts to see if its worth it, but once you live here and if you're here more than 1/2 year in any given year your taxes are here.

Am also a IT consultant from London, feel free to private message me

lastminutemanActive member18 July 2017 20:50:40

Thanks! Just sent you a pm ...

Articles to help you in your expat project in Malta

The tax system in Malta
Whether you have decided to work or retire in Malta, taxation will probably be one of your main ...
Malta Financial Services Authority New Rules
Scheme to attract highly qualified persons
Personal Taxation in Malta (Part 1)
Malta offers attractive residence schemes with associated tax advantages including no taxation on worldwide ...
Property Purchase in Malta
Acquisition of property in Malta mainly involves the entering into a preliminary (promise of sale) agreement, ...
The Malta Retirement Programme
Information Date : 3rd October 2012
Taxation for UK residents on Malta
I am NOT a Financial Advisor, I am just another expat. If in doubt seek professional advice.
How to drive in Malta
Malta is a relatively small island measuring only 27km long and 14,5km wide, so it seems on paper to be very ...
Finding work in Gozo
If you are planning to live in Malta, why not settle and work in Gozo? Although it is quieter than the main island ...