In October 2025, the tax authorities introduced new rules relevant to senior professionals employed within family offices, back-office functions, and treasury management operations.
Under Legal Notice 250 of 2025, which implements the Senior Employees of Family Offices, Back Offices and Treasury Management Operations Tax Rules, 2025 (the “Rules”), eligible individuals occupying qualifying positions may benefit from a reduced flat income-tax rate of 15% on their employment income, provided certain conditions are met.
The employments and offices eligible for this special tax rate must be with companies or undertakings approved the MFSA or any other competent authority.
The following are the employments and offices that will be considered:
- Head of back office/CEO, General Manager, Country Head, Managing Director or equivalent
- Chief/Head risk Officer
- Chief and or Head compliance and Anti-Money Laundering Officer
- Chief and, or Head Risk Officer, including Fraud and Investigations Officer;
- Portfolio Manager
- Chief and, or Head Investment Officer
- Senior Trader
- Senior Structuring Professional
A qualifying contract should have a minimum of €65,000 in emoluments excluding fringe benefits and this shall be increased by €10,000 every five years with effect from the year subsequent to the year in which these rules come into force.
For more information on this matter, please contact us at:
📞 (+356) 2155 9999
📧 info@jcordina-andco.com
