Malta or Trinidad and Tobago: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Lighter: Trinidad and Tobago, ahead by 1.8 FiScore point.

Malta

3.7/10

193rd of 217

Tax Malta Trinidad and Tobago Gap
Corporate income tax headline rate 35% 25% +10.0 points
Personal income tax top bracket 0% to 35% 0% to 25% +10.0 points
VAT standard rate 18% 12.5% +5.5 points

Detailed schedules

Corporate income tax

Malta

Headline rate 35%
Effective rate after shareholder refund trading company, 6/7 refund 5%
Passive income and royalties 5/7 refund 10%

Trinidad and Tobago

Profit up to 1 million TTD 25%
Profit over 1 million TTD 30%
Activity tax on revenue Due if exceeding profit tax 0.6%
See the Malta page See the Trinidad and Tobago page