Tax Brackets in Malta
Malta has the following tax brackets for income received during 2012
Single Rates:
| Taxable income | Tax on this income |
|---|---|
| €0 - 8,500 | Nil |
| €8,501 - 14,500 | 15% |
| €14,501 - 19,500 | 25% |
| €19,501 and over | 35% |
Married Rates:
| Taxable income | Tax on this income |
|---|---|
| €0 - 11,900 | Nil |
| €11,901 - 21,200 | 15% |
| €21,201 - 28,700 | 25% |
| €28,701 and over | 35% |
Read more about this topic: Tax Bracket
Famous quotes containing the word tax:
“Rumble thy bellyful! Spit, fire! Spout, rain!
Nor rain, wind, thunder, fire are my daughters.
I tax you not, you elements, with unkindness;
I never gave you kingdom, called you children.”
—William Shakespeare (1564–1616)