United Nations Pensions Programme Rules, 2015

The UN Pensions Programme confers a special tax status to individuals earning a UN pension from the United Nations Joint Staff Pension Fund. One of the main conditions is that at least 40% of the applicant’s UN pension income is received in Malta. Applicants need to acquire a property for not less than €275,000 or rent a property for not less than €9,600 per annum. Should the property be situated in Gozo or in the South of Malta, the purchase value should not be less than €220,000 and the rental value should not be less than €8,750 per year. Apart from holding adequate health insurance covering the EU territory, applicants need to satisfy a “fit and proper test”. Applicants may not spend more than 183 days in any one foreign country in a year.

UN pension income received in Malta is exempt from Maltese tax. Other foreign income received in Malta is taxed at a 15 per cent rate, with the possibility of claiming double tax relief. Malta source income and capital gains is taxed at a 35 per cent rate. The minimum tax payable in Malta amounts to €10,000 per year. If both the applicant and his spouse receive a UN pension, an additional €5,000 shall be paid as minimum tax. A one-time registration fee amounting to €4,000 (€3,500 if the qualifying property is situated in the south of Malta or Gozo) is levied by the Malta Government.

An application for special tax status may only be submitted through an Authorised Registered Mandatory. EMD, as an Authorised Registered Mandatory, may assist you with your application and with any immigration, tax and legal requirements.