We, the normal foreigners workers, AKA 99% of the foreigners, pay the same tax as Maltese.
Don’t be deceiving in your post and don’t spread misinformation that can fuel xenophobia
There are some perks as a foreigner if you work for companies outside Malta, like non-dom. But even then, the taxes you do pay, you get you nothing in return. No vote, no security, destroyed roads, poor public transport, slow healthcare. They’re simply a fee to stay out of jail.
The only perk about being a foreigner here is knowing that while the 1% rapes the land and country, it’s only temporary for us. We can move on. But that saddens me. It’s a beautiful country with amazing people. Unless there’s some real change, however, the country is going to become irreversibly destroyed.
Dont whine. This is basicaly what keps up your economy. Witout these tax schemes, Malta is just a rock in the middle of the sea.
Consider that it is the only way they can get people investing in the island. They don’t have any natural resources (although there is a lot of potential on renewable energies, as offshore wind and sun combination could power entire Malta and get new companies that wants to operate only under renewable energies), they are not even producing enough food (because they need to get rich building monsters), and the excuse “we have 300 days of sun” doesn’t work well as almost all the big businesses are in the north of Europe. But this can change very soon since the tax harmonization next year is going to hit, in a way or another.
The corporate tax system, in particular tax refunds, is set up to incentiveze people to register companies in Malta and use the Maltese entity as a holding company for their operations worldwide, by doing so the goal is to become attractive and bring revenue and jobs to the country, you may want to disagree but the data is clear, the tax system is one of the main reasons most foreign companies decide to incorporate in Malta.
In addition to that, the tax system is in place with the consent of the Maltese people, the people elect the government and the government can modify the system as much as it wants so you are basically saying,we are being screwed by a tax system that attracts foreign investment to the country and is in place with our approval. Let’s blame other people for a problem that if anything is your fault.
Bellow please find articles in order to support my claims
Unless they have a good reason…. no one is going to come and set up anything here if they have to deal with the horrendous infrastructure, planning, organisation, management, house quality, prices, traffic, enforcement, level of nature, government… do i need to go on?
The big local businesses and multi-millionaire maltese business families dont even pay well & set there offices in shitty ugly ass uncomfortable locations. I worked in the IT department of one of Malta`s richest business families… our office was opposite a small landfill and our recreation/eating room for like 80 people was a mini-kitchen which couldn`t hold more than 15 ppl at once.
So i`m not exactly upset some ‘foreigner’ came here, treated me better & gave me a life worth living
u/CapricornPrime the laws you are referring to are not based on nationality. In contrast, I am not wrong, and as it happens in other countries, only local nationals can vote in the General Elections. Do you find that also unfair?
You can always move to some other EU Member State and benefit from tax advantages aimed at citizens who has not been living in the country for years. For example Portugal and Spain (e.g. Beckham law) have these types of laws. Even more similar to Maltese tax laws you have for example the Irish non-domiciled status.
Because countries can compete in taxes with other countries, this force countries to be more efficient as it happens with companies also having by law to compete and not fix prices with their competitors. As you know many companies often have offers that are exclusive to new clients. For a country the non-doms are the new clients.
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As long as you are High Wealth investor
We, the normal foreigners workers, AKA 99% of the foreigners, pay the same tax as Maltese.
Don’t be deceiving in your post and don’t spread misinformation that can fuel xenophobia
There are some perks as a foreigner if you work for companies outside Malta, like non-dom. But even then, the taxes you do pay, you get you nothing in return. No vote, no security, destroyed roads, poor public transport, slow healthcare. They’re simply a fee to stay out of jail.
The only perk about being a foreigner here is knowing that while the 1% rapes the land and country, it’s only temporary for us. We can move on. But that saddens me. It’s a beautiful country with amazing people. Unless there’s some real change, however, the country is going to become irreversibly destroyed.
Dont whine. This is basicaly what keps up your economy. Witout these tax schemes, Malta is just a rock in the middle of the sea.
Consider that it is the only way they can get people investing in the island. They don’t have any natural resources (although there is a lot of potential on renewable energies, as offshore wind and sun combination could power entire Malta and get new companies that wants to operate only under renewable energies), they are not even producing enough food (because they need to get rich building monsters), and the excuse “we have 300 days of sun” doesn’t work well as almost all the big businesses are in the north of Europe. But this can change very soon since the tax harmonization next year is going to hit, in a way or another.
The corporate tax system, in particular tax refunds, is set up to incentiveze people to register companies in Malta and use the Maltese entity as a holding company for their operations worldwide, by doing so the goal is to become attractive and bring revenue and jobs to the country, you may want to disagree but the data is clear, the tax system is one of the main reasons most foreign companies decide to incorporate in Malta.
In addition to that, the tax system is in place with the consent of the Maltese people, the people elect the government and the government can modify the system as much as it wants so you are basically saying,we are being screwed by a tax system that attracts foreign investment to the country and is in place with our approval. Let’s blame other people for a problem that if anything is your fault.
Bellow please find articles in order to support my claims
https://kpmg.com/mt/en/home/insights/2018/08/malta-tax-system.html
https://www.ey.com/en_mt/articles/malta-attractiveness-survey-2022
Unless they have a good reason…. no one is going to come and set up anything here if they have to deal with the horrendous infrastructure, planning, organisation, management, house quality, prices, traffic, enforcement, level of nature, government… do i need to go on?
The big local businesses and multi-millionaire maltese business families dont even pay well & set there offices in shitty ugly ass uncomfortable locations. I worked in the IT department of one of Malta`s richest business families… our office was opposite a small landfill and our recreation/eating room for like 80 people was a mini-kitchen which couldn`t hold more than 15 ppl at once.
So i`m not exactly upset some ‘foreigner’ came here, treated me better & gave me a life worth living
u/CapricornPrime the laws you are referring to are not based on nationality. In contrast, I am not wrong, and as it happens in other countries, only local nationals can vote in the General Elections. Do you find that also unfair?
You can always move to some other EU Member State and benefit from tax advantages aimed at citizens who has not been living in the country for years. For example Portugal and Spain (e.g. Beckham law) have these types of laws. Even more similar to Maltese tax laws you have for example the Irish non-domiciled status.
Because countries can compete in taxes with other countries, this force countries to be more efficient as it happens with companies also having by law to compete and not fix prices with their competitors. As you know many companies often have offers that are exclusive to new clients. For a country the non-doms are the new clients.