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Malta Extends Stamp Duty and Tax Relief for Property Transfers — Orbitax Tax News & Alerts

Malta has published Legal Notice No. 224 of 2022 and Legal Notice No. 225 of 2022, which includes amendments for the extension of the reduced stamp duty rate from 5% to 1.5% on the first EUR 400,000 of property value in qualifying property transfers and the reduced income tax rate of 5% on the first EUR 400,000. This includes that both reduced rates are available for property transferred up to 30 June 2023, provided that the notice of the final deed in relation to the transfer is given to the Commissioner by 31 July 2023.