Taxation of Aviation Activities in Malta

[sumaiyakhatun26]

The regime is supported by attractive fiscal incentives:

Income derived by a person from ownership, operation of leasing of aircrafts is not taxable in Malta unless this is remitted to Malta.
0% withholding tax on outbound lease and interest payments made to non-resident persons.
Beneficial depreciation period for wear and tear.
The Fringe Benefits (Amendment) Rules 2010 – in some cases, entities may be exempt from nepal mobile database fringe benefit taxation (for example, the private use of an aircraft by an individual who is not resident in Malta and who is an employee of an entity whose business activities include ownership, leasing or operation of aircraft or aircraft engines, used for international transport of passengers/goods, shall not be considered as a fringe benefit, and is therefore, not taxable as a fringe benefit).
The Malta Highly Qualified Persons Programme and the Aviation Sector

The Highly Qualified Persons Programme is directed towards professional individuals earning over €86,938 per annum, employed in Malta on a contractual basis within the aviation sector.

This scheme is open to EU nationals for five years, and to non-EU nationals for four years.

Tax Advantages Available to Individuals – Highly Qualified Persons Programme

Income tax is set at a flat rate of 15% for qualifying individuals (instead of paying income tax on an ascending scale with a current maximum top rate of 35%).
No tax is payable on income earned over €5,000,000 relating to an employment contract for any one individual.