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TA 22 Form - Part Time Self Employed

14th April 2023

Are you a part-time self-employed individual in Malta? If so, you may benefit from submitting a TA22 form to the Maltese Commissioner for Revenue (CFR) and qualify for a reduced rate of tax at 10%. But what exactly is a TA22 form and what do you need to know about submitting it? Here’s what you need to know: 

  1. What is a TA22 form? The TA22 form is a document used by self-employed individuals in Malta to report their income and expenses for tax purposes. You’ll need to complete this form and submit it to the CFR along with your tax payment. 
  2. When is the TA22 due? The TA22 is due annually, by 30th April. 
  3. What information do you need to provide on the TA22? The TA22 requires you to provide details about your income, purchases, and general administrative expenses. You’ll also need to provide your VAT registration number and PE number, if applicable.
  4. What expenses should be included in the TA22? The form provides a list of expenses whereby you can include an amount to them if applicable. However, there are likely a number of incurred expenses that you may not be aware of. That’s where we come in. Our team can help you identify allowable expenses in accordance with the Maltese income tax laws, ensuring that you’re maximizing your tax savings.
  5. How do you submit the TA22? You can submit the TA22 form online through the CFR’s website, or by mail or in person at their offices.
  6. What happens if you don’t submit the TA22? Failure to submit the TA22 on time can result in penalties and interest charges. It’s important to submit the form by the deadline to avoid these additional costs.
  7. What records should you keep? As a self-employed person, you’ll need to keep records of your income and expenses to support the information you provide on the TA22 form. You should keep these records for at least 10 years. 

We understand that submitting a TA22 form can be overwhelming, especially if you’re unfamiliar with Maltese tax laws. That’s why we offer assistance in the TA22 submission process. Our team of experienced professionals can help you identify deductible expenses, complete the necessary forms accurately and on time, and ensure that you’re complying with tax laws to avoid penalties and interest charges. Don’t hesitate to contact us or give us a call to learn more. 

Need answers, fast? Book a No Commitment Consultation meeting now. Looking for a more comprehensive solution? Send an email below and we’ll get back to you.

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