United Nations Pensions Programme Rules, 2015

By virtue of Legal Notice 184 of 2015, the Government of Malta has issued new rules which provide for an exemption from income tax to beneficiaries who are in receipt of a pension or a widow/er's benefit from the United Nations.

One of the main conditions of the UN Pensions Programme is that at least 40% of the applicant's UN Pension income is received in Malta. Furthermore, beneficiaries will need to hold a qualifying property in Malta. If the beneficiary opts to acquire immovable property, the value of the property must be of at least €275,000. However if the property is situated in the south of Malta or in Gozo, the minimum value of the qualifying property is that of €220,000. A beneficiary under the UN Pensions Programme also has the option to rent instead of acquiring immovable property. This minimum annual rental payment has to be at least €9,600 if the property is situated in Malta or €8,750 should the property be in the south of Malta or in Gozo.