United Nations Pensions Programme
For one to be eligible in terms of this Programme, the applicant must be in receipt of a United Nations pension or a widow’s / widower’s benefit, of which at least 40% is received in Malta. Beneficiaries under the United Nations Pensions Programme may be taxed at the flat rate of 15% on the pension remitted, however, a minimum tax of €10,000 must be paid by the beneficiary and if both spouses are in receipt of a United Nations Pension, the amount will increase to €15,000.
Any income which does not constitute a United Nations pension or a widow’s / widower’s benefit (from the United Nations), which arises outside of Malta and is remitted to Malta will be taxed at a flat 15%. Any Malta sourced income will be taxed at a flat 35%.
Beneficiaries of this programme must:
- Not be a person who benefits under any other preferential tax rates/ scheme in Malta;
- Not be a Maltese national;
- Hold a qualifying property holding (bought or leased property in Malta costing at least €275,000 if in Malta and €250,000 if in Gozo, or leased for €9,600 per annum if in Malta or €8,750 if in Gozo);
- Be in receipt of stable and regular resources which are sufficient to maintain himself and his dependants without recourse to the social assistance system in Malta;
- Be in possession of a valid travel document;
- Be in possession of sickness insurance in respect of all risks across the whole of the European Union normally covered for Maltese nationals for himself and his dependants;
- Be able to communicate in one of the official languages of Malta; and
- Be a fit and proper person.
Following the death of the beneficiary, the special tax status granted may be inherited and may be granted to a dependant of that deceased beneficiary who has inherited the property that was the primary residence, provided that all the other requirements in terms of this Programme as satisfied).
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