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Generic Tax Name Duty on documents and transfers - Immovables
Tax name in the national language Taxxa fuq Dokumenti u Trasferimenti - Immobli
Tax name in English Duty on documents and transfers - Immovables
Member State MT-Malta
Tax in force since 1992/11/25
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other

Social security contribution Employers
Employees
Other
 
Legal base

Duty on Documents and Transfers Act, Chapter 364.

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments

 
Geographical Scope

Malta.

 
Taxpayers

Transferee to whom immovable property is being transferred.

 
Tax object and basis of assessment

Duty tax is applied to deeds subjected by law to registration (Duty on Documents and Transfers Act No. XVII of 1993, Chapter 364).

The basis of assessment is the market value or the value of the consideration on any immovable or any real right over an immovable being transferred, whichever is the higher.

 
Deductions, Allowances, Credits, Exemptions

Exemptions derived from the Duty on Documents and Transfers Act, XVII of 1993

  • Article 32 (3) - transfer of immovable or any real right over an immovable between spouses to a consensual or judicial separation or to a divorce between spouses or dissolution of the community of acquests. The assignment of immovable property between spouses shall include immovable property owned by a company which is fully owned by any or both of the spouses.
  • Article 32 (6) - transfer of immovable or any real right over an immovable between one company and an other company forming part of the same group of companies.
  • Article 32B - special rules applicable to trusts.

Furthermore, till June 2015 no duty shall be paid on the first €150,000 of the value of an immovable property (representing a duty saving of up to €5,250) purchased for residential purposes by persons who never owned any immovable property

 
Rate(s) Structure
  • EUR5.00 for every EUR100.00 or part thereof of the amount or value of the consideration being transferred of such thing or the value of such thing, whichever is the higher.
  • EUR3.50 for every EUR100.00 or part thereof in respect of the first EUR150,000 of the value of immovable property or any real right over the immovable property being acquired for the purpose of establishing therein or constructing thereon one's sole ordinary residence.
 
Tax due date

Tax is payable upon registration of the deed, which is compulsory within fifteen working days following that on which the document or transfer is completed.

 
Tax collector

Commissioner of Inland Revenue - Inland Revenue Department.

 
Special features

 
Economic function







Comments
 
Environmental taxes



Comments
 
Tax revenue
ESA95 code d214ca

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 48.19 EUR 0.67
2011 49.06 EUR 0.71
2010 45.42 EUR 0.69
2009 43.03 EUR 0.70
2008 55.20 EUR 0.90
2007 68.09 EUR 1.18
2006 60.20 EUR 1.12
2005 55.85 EUR 1.09
2004 61.50 EUR 1.26
2003 42.49 EUR 0.89
2002 31.34 EUR 0.66
2001 29.38 EUR 0.65
2000 23.57 EUR 0.54

Comments