Important tax deadline 30 April 2019: Income from Part-Time Self-Employment

Deloitte Malta Tax Alert

30 March 2019

Individuals earning income from part-time self-employment may benefit from a flat rate of tax of 15% on the first €12,000 arising from their part-time self-employment activities.

In order to benefit from this tax treatment, the individual must, besides conducting self-employment activities, also be in full time employment or is a pensioner or a full time student/apprentice. The part-time employment must be registered as such with JobsPlus. It must also be VAT registered, where required. The activity must not have more than two employees, themselves also on a part-time basis.

Tax is calculated on the profit rather than on turnover (i.e. revenue less expenses that were directly incurred in the production of the income).

With effect from the year of assessment 2019 (with reference to part-time activities carried on during 2018) individuals opting for this tax treatment are required to prepare and submit the appropriate form (TA22) to the Malta Inland Revenue, together with the tax payment, by no later than the 30th April 2019.

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