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Important tax deadline 30 April 2019: Rental income

Deloitte Malta Tax Alert

31 March 2019

With effect from year of assessment 2019 (with reference to basis year 2018), taxpayers earning rental income and opting to be taxed at a flat rate of 15% must file the appropriate form and submit payment by the 30th April, 2019.

Taxpayers wishing to benefit from a flat rate of tax of 15% on their rental proceeds earned in the course of 2018 shall be required to complete and file the TA24 and submit it to the Malta Inland Revenue together with the tax payment by no later than the 30th April  2019 (and no longer by the 30th June).

Tax is calculated on the gross amount received, without the possibility to claim any deductions.

The option to be taxed at a flat rate of 15% may be availed of both in case of commercial and residential rents, and is open to both individual and corporate taxpayers, whether resident in Malta or not.

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