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An individual who works part-time and chooses to be taxed at a fixed rate of 15% need not declare this income in his income tax return. It is only applicable up to a maximum of €10,000 per annum in the case of part-time employment and to a maximum €12,000 per annum in the case of part-time self-employment.
Kindly take note that in the case of part-time self-employment, individuals earning income during January 2015 up to December 2015 must pay the relevant 15% tax by 30th April 2016.
For more information regarding the above, kindly contact our Tax Advisor, Kristine Scerri on email@example.com.