Taxation FAQ

Malta - Deduction (Wear & Tear of Plant & Machinery) Rules - L.N. 298 of 2001
CATEGORY	Straight-Line Method Number of Years
Computers & Electronic Equipment	4
Computer Software	4
Motor Vehicles	5
Furniture, Fixtures, Fittings & Soft Furnishings	10
Equipment used for construction of buildings and excavation	6
Catering Equipment	6
Aircraft	12
Ships & Vessels	10
Electrical & Plumbing Installations & Sanitary Fittings	15
Cable Infrastructure	20
Pipeline Infrastructure	20
Communications & Broadcasting Equipment	6
Medical Equipment	6
Lifts & Escalators	10
Air-Conditioners	6
Equipment mainly designed or used for the production of Water & Electricity	6
Other Machinery	5
Other Plant	10

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Personal Tax Bands - 2008 (as per Budget 2008)
Single Rates					Married Rates
Chargeable Income (Lm)	Chargeable Income (€)	Tax Rate (multiply by)	Subtract Lm	Subtract €	Chargeable Income (Lm)	Chargeable Income (€)	Tax Rate (multiply by)	Subtract Lm	Subtract €
0 - 3498	0 -8150	0	0	0	0 - 4894	0 - 11400	0	0	0
3499 - 6010	8151 - 14,000	0.15	525	1223	4895 - 8800	11401 - 20500	0.15	734	1710
6011 - 8156	14001 -19,000	0.25	1126	2623	8801 - 12021	20501 - 28000	0.25	1614	3760
8157 & Over	19001 & Over	0.35	1942	4523	12022 & Over	28001 & Over	0.35	2817	6561

Conditions for submission of Form RA4 (Tax Credit for woman returning to employment)

Who may apply for this tax credit? This tax credit is applicable to women who:

are below the retirement age and have never received a pension; &

returned to employment or self-employment on or after the 1st January 2005; &

have been absent from gainful employment for at least 5 years; &

had been previously in gainful employment for at least 24 consecutive months; &

The tax credit may be availed of over 2 consecutive years of assessment for a maximum of €1,631.