• Home
  • /Events
  • /Malta | RA1 – Declaration of Agricultural Produce – 30th June
Malta | RA1 – Declaration of Agricultural Produce – 30th June

Malta | RA1 – Declaration of Agricultural Produce – 30th June

Agricultural produce derived from farming and other agricultural activities that has been temporary taxed at 3% is to be declared, for income tax purposes, on the Form RA1.  Full-Time and Part-Time farmers (who have had part of their turnover taxed at the 3% rate by a licensed payor) are to declare their qualifying and non-qualifying sales on Form RA1 and submit the Form by not later than the 30th June to the Inland Revenue Department.

Taxpayers may opt to have their income on all qualifying produce to be taxed on a final flat tax rate of 3% calculated on the turnover. Part-time farmers (who qualify under the part-time rules) may submit to the IRD their part-time self-employed declaration of income on the appropriate TA22 Form by the 30th June and opt to be taxed at the tax rate of 15% (maximum tax of €1,800 – maximum income declarable on this form is €12,000).  In both cases the income changed at 3% and the income charged at 15% is final and should not be declared again in the annual tax return.

Farmers may also choose not to have their income on their qualifying produce to be taxed on the final flat tax rate of 3% calculated on the turnover but may declare their net income for both their qualifying and non-qualifying agricultural produce on the TA22 (only for part-timers who qualify under the part-time rules) or in their income tax return and claim back the 3% tax withheld on the turnover by filling in the necessary declaration on the RA1.

Downloads:
Sale of Agricultural Produce Rules – S.L. 123.80
TA22 – part-time self-employed declaration of income & payment Form

Links:
TA22 – Part-time self-employed eligibility and procedure
TA22 – On-line Form

One thought on “Malta | RA1 – Declaration of Agricultural Produce – 30th June

  1. I would like to express my disappointment at what Prime Minister Joseph Muscat said yesterday in Gharghur.
    I hope that what he said about the transfers of qbiela between farmers is for government property and does not apply to private owners who have been deprived of their land since before the war.
    I have two sons both yearning to have a piece of land and I have this field that has been in the farmers hands for three generations and all I get is a pittance.
    Are the farmers, who are occupying my land, going to be given the power to transfer my land to whom they want as well?
    Can anybody please give me more information about this perhaps I misunderstood!

    Vicky


Leave a Reply

Your email address will not be published. Required fields are marked *

*