Malta
EuropeCyprus
EuropeMalta vs Cyprus Tax Comparison
Summary
3
🇲🇹 Malta
2
Ties
2
🇨🇾 Cyprus
🇲🇹 Malta has lower tax rates in more categories
Tax Rates Comparison
| Category | 🇲🇹Malta | 🇨🇾Cyprus |
|---|---|---|
| Top Income Tax Rate | 35% | 35% |
| Corporate Tax Rate | 35% | 12.5%Lower |
| VAT / Sales Tax | 18%Lower | 19% |
| Capital Gains Tax | 0% | 0% |
| Employee Social Security | 10% | 8.3%Lower |
| Employer Social Security | 10%Lower | 12% |
| Self-Employed Social Security | 15%Lower | 15.6% |
Living Indicators
| Category | 🇲🇹Malta | 🇨🇾Cyprus |
|---|---|---|
| Cost of Living Index | 56 | 52Lower |
| Quality of Life Index | 66 | 66 |
| Tax Treaties | 76 | 65Lower |
Income Tax Brackets
Malta
Rates for single individuals. Different scales for married couples and parents.
Cyprus
Generous 19,500 EUR tax-free allowance.
Special Tax Regimes
Malta
Full Imputation System
35% corporate tax with 6/7 refund to shareholders, resulting in effective 5% rate.
Global Residence Programme
15% flat tax on foreign income remitted to Malta with minimum tax of 15,000 EUR/year.
Cyprus
Non-Dom Regime
Non-domiciled tax residents are exempt from Special Defence Contribution (SDC) on dividends, interest, and rental income. Effectively 0% on passive income.
50% Employment Income Exemption
50% of remuneration is exempt from income tax for 17 years for new employees earning over 55,000 EUR.
Digital Nomad Visa
Nomad Residence Permit. Must earn at least 2,700 EUR/month. Valid 1 year, renewable up to 3 years.
Digital nomad visa for non-EU nationals. Must earn at least 3,500 EUR/month. Valid 1 year, renewable up to 3 years.
Disclaimer: This content is for informational purposes only and does not constitute tax advice. Tax laws change frequently. Always consult a qualified tax professional before making decisions about your tax residency or obligations.
Data last updated: Malta (2024-01) · Cyprus (2024-01)