How wealth tax works in Malta
Malta does not impose a recurring net wealth tax on individuals. Cash, securities, private company shares, crypto assets and foreign investments are not taxed each year simply because you own them.
The cost side of ownership is mostly transactional. Real estate transfers, causa mortis deeds and some share transfers can attract duty, and Malta also has VAT and social security costs that affect cash flow.
If you are domiciled and ordinarily resident in Malta, the absence of wealth tax does not mean your assets are outside Maltese income tax. Worldwide income and gains can still be in scope.
Tax rates at a glance
- Net wealth tax
- 0%None
- Net worth tax
- 0%
- Annual asset tax
- 0%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsFamily officesExpatsFoundersHigh earners
Watch out for
- No wealth tax does not mean no reporting. Banks and counterparties can still ask for source-of-funds, tax residence and beneficial ownership documents.
- Property ownership is not taxed annually as wealth, but the transfer of property can trigger duty and income tax on the seller.
- If you are also tax resident elsewhere, your home country may still tax your worldwide assets or investment income.
Frequently asked questions
Does Malta have a wealth tax?
No. Malta does not levy a net wealth tax or annual asset tax on individuals.
Are foreign assets taxed in Malta?
Not just because they exist. The key distinction is whether you are resident and domiciled in Malta, because that affects income and gains taxation more than asset ownership itself.
Is Malta good for investors?
Malta can work for investors who want an EU base without a wealth tax. The tradeoff is that property duty, transaction taxes, social security and residence rules need careful planning.