ARTICLE · 30 NOVEMBER 1996
An Overview Of The Income Tax System (1) - General Principles
A. PRINCIPAL TAXES
The principal taxes making up the Maltese tax system are the following:
1. Income tax, including tax on companies and tax on some forms of capital gains;
2. Indirect Taxes:
(i) Value Added Tax;
(ii) Customs duties and excise duties;
(iii) Duty on documents and transfers, incorporating the so-called 'stamp duty' levied on documents as well as a duty levied on transfers of certain assets, including transfers upon death;
(iv) Social security contributions - payable by self-employed and employed individuals, according to an earnings-based scale of contributions.
(v) Other taxes: mainly taxes of a licensing type, such as the registration tax imposed on vehicles, etc.
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