Self Employed Deductions

mantasmo Contributor

Member since 22 August 2014

mantasmoContributor26 August 2014 10:32:58

194

Hey,

Does anyone know which expenses can be deducted from my revenue when calculating income tax as a self employed/occupied person?

Let's say that I do contract work as a freelancer and only work with clients from abroad. Live in Malta and work from home. Can I deduct part of my rent as a business expense? What about things like internet connection costs? Laptops and other equipment?

Also - is income tax calculated on in income before social security payments or after deducting social?

Thanks a lot!

Toon Cyprus Expert

Member since 04 June 2011

ToonCyprus Expert27 August 2014 04:12:47

10116

I would go to the tax office - theyre very good and will give you the information you require

mantonas Serial expat

Member since 21 August 2012

mantonasSerial expat27 August 2014 11:09:46

707

Or get an accountant who can tell you for sure what you can deduct or can't. From what I was told, you might be able to claim part of the rent you're paying if you work from home. Also, you should be able to claim part of your internet and telephone bills. You just need to find out exactly what percentage of those bills you'll be able to deduct on your tax return.

sirrocco Member

Member since 17 July 2014

sirroccoMember30 August 2014 04:08:46

And if you do find out, please share

drael Active member

Member since 01 May 2014

draelActive member30 August 2014 08:40:21

sirrocco wrote:
And if you do find out, please share

I agree, please do. Such information before moving would be very helpful to me.
Thanks,

David

Teno New member

Member since 19 August 2014

TenoNew member31 August 2014 07:24:51

This kind of information would be most helpful to me also. Subscibed to the topic.

YogaMalta Member

Member since 15 December 2014

YogaMaltaMember16 December 2014 13:16:46

Dear All,
I moved from Italy to Malta few days ago, I'm yoga meditation and reiki teacher and I would like to find a place where to teach. Anyone can help? What about taxes ecc...?
Thank you!

roadtripper Active member

Member since 23 October 2014

roadtripperActive member05 February 2015 13:42:41

Hi Peeps,

Do we have an update on this subject. I am registered with HMRC in Uk. moving to Malta in a month and will be operating my own business there. Do I cancel with HMRC here and register as self employed in Malta with the authorities there?

tearnet ViP

Member since 19 June 2011

tearnetViP05 February 2015 14:11:56

2179

If you are resident in Malta then you must register with the Maltese tax department.

If you want specific information regarding your circumstances then phone them聽 and ask for the expat section..
They are very helpful.

Terry

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GuestPoster566 ViP

Member since 18 October 2012

GuestPoster566ViP06 February 2015 03:09:11

#10

3692

You must also inform HMRC and initially I would say through experience that returns to both will have to be done when required. Tax periods:聽 UK April - March,聽 Malta Jan - Dec.
Read the relevant parts of this: /forum/viewtopic.php?id=370643