Understanding TA22 and TA24 Forms in Malta 🇲🇹
Quick Reference
TA22 Form
- • Part-time self-employment
- • Tax Rate: 10%
- • Income Cap: €12,000
- • Final withholding tax
TA24 Form
- • Rental income
- • Tax Rate: 15%
- • Tax Base: Gross income
- • Final withholding tax
Introduction to Maltese Tax Forms
In Malta, navigating the tax landscape can be tricky, especially with different forms for specific types of income. The TA22 and TA24 forms are two such documents that are often a source of confusion. While both are used to pay a final withholding tax, meaning the tax declared is the final amount due, they apply to completely different sources of income. Let's break down the purpose, rates, and conditions for each.
TA22 Form: Part-Time Self-Employment
The TA22 form is a special tax declaration for individuals with part-time self-employment income 💼. This form allows you to pay a beneficial, flat tax rate of 10% on this income, simplifying your tax obligations.
Who is eligible?
- You must be a full-time employee, a full-time student, or a pensioner.
- Your income from the part-time activity must not exceed €12,000 annually.
- You cannot employ more than two part-time employees for this activity.
Tax Rate and Calculation
The tax rate is a flat 10% on your part-time income, up to the €12,000 threshold. It's a final withholding tax, so you do not need to declare this income again in your annual tax return (Form C). Any part-time income exceeding the €12,000 threshold must be declared in your annual tax return and will be taxed at the normal progressive rates.
Deadline for TA22
Submission Deadline
The TA22 form, along with payment, must be submitted by April 30th of the year following the year of income.
TA24 Form: Rental Income
The TA24 form is used to pay the final withholding tax on rental income from residential and commercial properties 🏡. This option provides a simplified tax calculation and is popular among landlords.
Who is eligible?
- Both residents and non-residents, as well as companies that receive rental income from properties in Malta.
- The property must be registered with the Housing Authority or the Malta Tourism Authority, if applicable.
Tax Rate and Calculation
The tax rate is a flat 15% on the gross rental income. This means you cannot deduct any expenses, such as maintenance costs, interest on a loan, or ground rent. It's an "all-in" rate that is meant to be straightforward.
Alternative: You always have the option to declare your rental income in your annual tax return (Form C). This might be more advantageous if your expenses are high, as you can deduct them from the gross income before applying the standard progressive tax rates.
Deadline for TA24
Submission Deadline
The TA24 form and payment must also be submitted by April 30th of the year following the year of income.
Side-by-Side Comparison
| Aspect | TA22 Form | TA24 Form |
|---|---|---|
| Purpose | Part-time self-employment income | Rental income |
| Tax Rate | 10% final withholding tax | 15% final withholding tax |
| Tax Base | Income up to €12,000 | Gross rental income |
| Deductions | Not applicable with this form | Not applicable with this form |
| Eligibility | Full-time employee, student, or pensioner | Anyone with rental income (inc. non-residents/companies) |
Conclusion
While both the TA22 and TA24 forms are designed to simplify tax compliance in Malta, they serve distinct purposes. The TA22 is for part-time income earners looking for a low, flat tax rate, while the TA24 provides a straightforward option for those with rental income.
Choosing the right form is crucial for financial efficiency. For rental income, consider whether the 15% rate on gross income or the progressive rates on net income (after expenses) would be more beneficial. For part-time work, the TA22 is often the best choice for its low rate and simplicity.
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Start Free TrialDisclaimer: This guide is for informational purposes only and does not constitute professional tax advice. Tax regulations may change, and individual circumstances vary. Always consult with Malta Tax and Customs or a qualified tax professional for specific guidance.
Last updated: August 10, 2025