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:
“Change of fashion is the tax levied by the industry of the poor on the vanity of the rich.”
—Sébastien-Roch Nicolas De Chamfort (1741–1794)